Navigate to main page content
PrivateBusiness
Become a customer

Credit line

Credit line is the perfect solution for covering unexpected larger costs or for balancing the family budget

  • Loan sum is €1000–20,000, but not more than four monthly salaries.
  • Money immediately to the bank account, no deposit necessary;
  • Income at least €550;
  • Interest rate start from 13%;
  • Application filling takes just some minutes.

What is credit line suitable for?

Credit line is a convenient option to constantly keep extra money at hand. Therefore, it is an ideal solution to cover unexpected major expenses. It is also a good solution for those, who are planning to spend more on various activities, for example, repair work, construction, etc.

Credit line is available on a separate credit account, which means that you can make transfers directly from the credit line account. You can also transfer the necessary amount from the credit line account to your daily bank account. This enables you to withdraw credit line in cash and also use it for card payments.

You can make repayments to the credit line account at a time and in the amount of your choice. This way, you pay less interest and can use the money again.

Regular price list of bank transactions applies to these transactions.

Terms and conditions for receiving credit line

All adult Estonian citizens or persons staying in Estonia on the basis of a permanent or temporary residence permit, whose average monthly net income in the last half year has been at least € 550 and it has been regularly received to their bank account, may apply for credit line.

If you are not a Swedbank client or your income is not transferred to Swedbank, we kindly request you to submit a bank statement of your income over the last 6 months to apply for credit line.

Interest and charge arising from obligations

Interest rate start from 13%. The final interest rate depends on the amount, the borrower’s obligations and solvency. Interest has to be paid only for the days you actually use the money.

Charge arising from obligations is similar to monthly fee, amounting to only 1.2% per year and it is calculated from the unused amount of loan.

Agreement fee

The agreement fee is 1.5% of the credit limit, a minimum of € 35.

Automatic extension

If you have been following your contractual duties for a year and the ratio of your obligations and income is in accordance with the bank’s conditions, the credit line agreement shall automatically extend for another year according to the terms and price list valid at the moment of extension. This happens according to the terms and conditions and price list valid at the moment of extension. The bank will inform you about the terms and conditions for extending the credit limit. Upon automatic extension of credit line, the repayment period is also extended.

How do repayments work?

The repayments begin once you want to start to repay the used credit limit or the use period ends.

Monthly payment

Upon entering into an agreement, we will agree with you on a monthly payment of the principal amount of your credit limit over the period of repayment. This is calculated as follows: we will divide your credit line credit limit with the maximum length of the period of repayment, which is always 48 months. For example, if you apply for credit line in the amount of € 4,800, we will divide it with 48 and this results in € 100 for a monthly payment.

Repayment period

For example, if you have used € 2,000 from credit line amounting to € 4,800, upon entering into agreement, we will divide it with the obtained monthly fee, which is € 100. This way, the period of repayment is 20 months. You can no longer use the unused part of credit line during the period of repayment, which in this case is € 2,800.

Using credit limit during the period of repayment

The credit limit of the credit account of credit line can be used if you have made additional repayments to this account. This way, you can implement this amount, but it decreases by a monthly payment each month.

Repayments or monthly payment

It is taken automatically from your bank account. If you have made repayments to the credit account of credit line yourself, then a monthly payment will be first taken from the credit account of credit line.

The credit line agreement expires if the client has repaid all used credit limit, accrued interest, and the charge arising from obligations.

Early repayment

You can also partially or fully repay credit line before the end of term. In order to do this, you need to send us a bank notice through the online bank or submit an application at a Swedbank office. Partial or full premature repayment of credit line is free of charge.

Changing the credit limit

To increase the credit limit of credit line or extend the contract, please submit an application; to decrease it, please send a bank notice or visit a Swedbank office.

Changing the payment date or serviced account

To change the payment date or serviced account, please send a bank notice via the online bank or visit the nearest Swedbank office.

Please read the terms and conditions carefully before you sign the contract, and consult an expert if necessary.

document Credit line conditions

Annual percentage rate

Credit line

The annual percentage rate is 19,575% on the following exemplary conditions:

  • credit limit €2000;
  • fixed interest rate 17%;
  • contract fee €35;
  • the sum of repayments €3 020,13;
  • the total cost of the credit €1 055,13;
  • the total sum of the credit €3 055,13.

The rate is calculated on the basis that the loan is used immediately in the full amount and is in use for 5 years.

Swedbank logo

Internet Exploreriga ei saa internetipanka avada.

Palun kasuta Google Chrome’i, Mozilla Firefoxi või Microsoft Edge’i.

Alates 23. märtsist ei ole võimalik Internet Exploreri veebibrauseri kaudu Swedbanki internetipanka avada.

Internet Exploreri kaudu ei saa teha ega kinnitada Swedbanki makseid ka teistel veebilehtedel.

Soovitame kasutada Internet Exploreri asemel Google Chrome’i, Mozilla Firefoxi või Microsoft Edge’i uusimat versiooni. Nende seadistamise juhendid leiad siit.

С 23.03.2021 Интернет-банк Swedbank недоступен в браузере Internet Explorer.

С помощью Internet Explorer невозможно авторизоваться или осуществлять платежи через Swedbank на сторонних веб-страницах.

Вместо браузера Internet Explorer мы рекомендуем использовать браузеры Google Chrome, Mozilla Firefox или Microsoft Edge. Инструкции по установке упомянутых браузеров можно найти здесь.

From 23.03.2021 Swedbank Internet Bank and Banklink is no longer available using Internet Explorer browser.

It is not possible to authorize or make payments from Swedbank on other web pages using Internet Explorer.

Instead, we suggest using Google Chrome, Mozilla Firefox or the newest version of Microsoft Edge. To find out how to install the suggested browsers, please click here.

Klienditugi - Инфо и помощь - Customer service: +372 6 310 310

Swedbank
  • Teie operatsioonsüsteem ja veebilehitseja ei ole kaasaegne ega toetatud Swedbank internetipanga poolt. Palun uuendage oma operatsioonsüsteem ja veebilehitseja või pöörduge vastava IT tehnilise spetsialisti poole.
  • The operating system of your device & your browser are too outdated to be supported by Swedbank Internet Bank. Please, update the operating system & browser or turn to IT specialist for technical help.
  • Ваш браузер или операционная система недостаточно современны для использования в интернет банке Swedbank. Пожалуйста обновите операционную систему и браузер или обратитесь за технической помощью к ИТ специалисту.

You have logged out of the Internet bank!

If you have any questions or suggestions, send a bank messages. We value your opinion!

To exit securely, please close all the browser windows!

Kind regards,
Swedbank