Credit line

If you are not yet a customer of Swedbank, Credit line application fill in here.

A loan for making your plans come true

The credit line is a good solution when you need money for somewhat larger urgent purchases or a long-cherished plan. It is also the ideal option if you intend to use the required amount gradually, in parts.

The amount of the credit line is between 1000 EUR and 12 000 EUR, however not more than an equivalent of 3 salaries.
Money is available in the account right after setting up the contract.

Steps towards receiving credit line

Fill out the credit line application via Internet Banking or at any branch.
After submitting your application, a bank employee will contact you in 2 business days' time to arrange the next steps.
Sign the credit line agreement on the Internet Banking site. New lending transactions may be concluded via Internet Banking between 7 AM and 10 PM. Automated aggregation and registration of data on transactions concluded during the day takes place after 10 PM and, pursuant to the Consumer Rights Protection Law, it is prohibited to enter into consumer lending contracts during night time until 7 AM.
After signing the agreement, the money will be transferred to your account at Swedbank.
Congratulations! Now you can materialize your plans.

Eligibility criteria

Passport (if not in possession of account with Swedbank);
At least 18 years of age;
Regular income of at least EUR 500 a month after taxes;
Positive credit history (if any loans have been taken out in the past);
Total monthly loan payments do not exceed 30% of the total monthly income;
Customers who, at the time of issuing the loan, do not receive their income in their account with Swedbank, must ensure, within the following 3 months, that salary or funds equivalent to their salary are transferred to their account at Swedbank.

How do repayments work?

If the client takes a credit line on 1 March 2015 for a one-year period the client can use the credit limit agreed on at their own disposal for the entire year. If the client does not want to extend the contract at the end of February next year or if the client no longer meets the contract requirements, the loan usage period ends on 28 February 2016 and the repayments shall begin in March.

If the credit limit is €4,800 and the repayment period is the maximum length, i.e. 48 months, the monthly repayment is €100. That is so even if by the end of the loan usage period only a part of the credit limit has been used.

If the client used €2000 from the €4800, the option to use the rest of the €2800 will be closed and the €2000 is going to be repaid.

The €2000 in use is divided with the €100 repayment calculated before and the result is a repayment period of 20 months.

The first month the limit is €2000, the second month €1900, etc. - the limit shall decrease by €100 each month during the 20 months.

If the entire residual credit limit is in use on the repayment day, then the €100 repayment shall be withheld from the client's current account. If the credit sum is not in use then the limit on the credit account will simply be reduced by €100. If only €50 is not used from the credit limit then the limit shall still be reduced by €100: 50 from the credit account and 50 from the current account.

After the repayment of the principal amount of the loan, the interest and/or commitment fee must also be paid. These are always withheld from the client's current account. The interest is calculated from the used credit limit, the commitment fee from the sum that is not in use, but which the client can use as a loan.

The credit line agreement shall terminate, after the client has repaid the entire used loan sum, interest and commitment fee.

Service		Price, EUR
Receiving
Setting up and disbursement of credit	Easier via Internet Banking	2% of the amount. min. 25.00	The fee is withheld from the amount of credit granted.
Disbursement of additional amount	Easier via Internet Banking	2% of the amount. min. 25.00
Using
Interest rate		From 19% per annum	The interest rate is set for each customer individually and interest accrues on the credit line limit in use.
Commitment fee		1.2% per annum	Charged on the credit line limit not in use.
Change of monthly payment date	Best value via Internet Banking	0.00 - 7.00 Via Internet Banking - 0.00 At branches - 7.00
Other changes in credit agreement without disbursement of additional amount (incl. restructuring)	Easier via Internet Banking	25.00
Early partial repayment of credit	Easier via Internet Banking	Free of charge	No fee will be charged if no other changes are made in the credit line agreement.
Closing
Full early repayment of the credit	Easier via Internet Banking	Free of charge

Effective from 18.04.2017.

Service		Price, EUR
Using
Interest rate		From 20% a year	The interest rate is set for each customer individually and interest accrues on the credit line limit in use.
Annual fee for using the credit line		7.11	On each anniversary of the agreement, the annual fee is debited from the account in which the credit was disbursed.
Change of monthly payment date	Best value via Internet Banking	0.00 - 7.00 Via Internet Banking - 0.00 At branches - 7.00
Other changes in the credit agreement	Best value via Internet Banking	7.00 - 14.00
Early partial repayment of credit	Easier Internet Banking	Free of charge	No fee will be charged if no other changes are made in the credit line agreement.
Closing
Full early repayment of the credit	Easier Internet Banking	Free of charge

Effective from 18.04.2017.

Contacts

Send bank message

Useful links

Suggestions for financial stability during the period of loan

Borrow reasonably. Before committing yourself to a loan, assess your capabilities to repay the loan and think about how the monthly payment could affect your day-to-day living.
Make your monthly payments on time. Each day of delay in loan repayments affects your credit history. This may make it more difficult for you get a loan in the future.
Create some cash stash. This will serve as a safety net in unexpected situations.
Have your salary and other income transferred to your Swedbank account - entrusting your finances to Swedbank will guarantee you better terms and conditions on our banking services.
If the date when you receive your regular income changes, make sure you also change the date of your monthly payments.

Filling out the application on the Internet Banking site is convenient and very simple!

You only need to do a couple of things - fill out the mandatory fields on the application form and send the application.

To fill out the application, follow these steps:

Enter information about the credit (purpose, amount, repayment period, monthly payment).
Enter information about your income.
Enter your contact details.
Send application to the bank.

After receiving your application, a bank employee will contact you to arrange the next steps.

Credit line

A loan for making your plans come true

Steps towards receiving credit line

Eligibility criteria

How do repayments work?

Contacts

Useful links

Suggestions for financial stability during the period of loan

Filling out the application on the Internet Banking site is convenient and very simple!

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