https://www.citadele.ee/en/private/consumer

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Consumer loan

Financing from 1000 up to 20 000 EUR.

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Apply online

Fill in an application even if you are a client of another bank.

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Individually calculated offer

Receive an offer within 20 minutes.

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Financing of up to 20 000 EUR

Receive a loan without collateral or security.

Dreams that need to become reality

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Home renovations, a long-awaited family trip, a car you’ve had your eye on, education for personal growth, a bigger purchase close to your heart - dream carefully, because dreams can come true! Especially if you have more opportunities with a consumer loan. Finding out is simpler than simple, even if you’re not a Citadele client.

Consumer loan calculator

Calculate and find out your monthly payment

1000 EUR
20 000 EUR
6 months
84 months
Annual percentage rate: 18.55%
Commission fee: 100.00 EUR
Interest rate: 9.90%
Total amount payable: 5247.82 EUR
Monthly payment
857.97 EUR
Payments schedule
The calculations made using the calculator are informative and each client's situation is assessed individually.

Apply and sign remotely

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Apply online, even if you are not a Citadele customer. Conveniently sign the loan agreement in the online bank or in the mobile app and receive the money in your account within a few minutes.*

Apply
From 1000 to 20 000 EUR

Consumer loan

To reach your goals. Loan term of up to 84 months with annual interest rate from 9.9 % and a agreement fee of 2% of the loan amount.**

  • Home renovation.
  • New household appliances.
  • Car repair.
  • Larger purchases or small daily needs.
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consumer-7

X supreme or X prime card

Secured and insured when you travel.

  • Get a credit limit up to 15 000 EUR for your chosen goal.
  • Pay back what you have spent in the way that is most convenient to you - all at once or gradually. Up to 45 days interest-free.
  • Worldwide travel insurance and purchase protection.
  • Earn prizes for each purchase and get discounts through the prize and discount program unique to X cards - X REWARDS.
  • Become Citadele customer online and apply for a card.
Read more

Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
Can I repay the consumer credit completely before the due date and do I have to pay a commission for this?

Yes, you can repay the loan fully at any time and free of charge by writing an free form message in Internet bank or application in branch for early repayment.

How does the bank evaluate my creditworthiness?

Credit rating is formed by evaluating and summing up various criteria according to a special formula - credit history, income and expense ratio, length of service in the current job, type of income source and other factors. Each customer is getting an individual credit rating. Based on this, the bank determines the level of a person's creditworthiness, the available interest rate and the available lending services.

If a person applies for a consumer loan, the bank checks the submitted data. It checks the client's income indicated in the questionnaire, and it is evaluated whether late payments have been registered. If the debt was more than two years ago, the credit rating will be better than for a recent debtor or an existing debtor. This means that everyone can improve their creditworthiness by paying off their debts.

What should I do if, for serious reasons, I am having difficulties repaying my consumer loan/car loan/credit limit?

If you have come into serious difficulties regarding the repayment of consumer loans, and it is not possible to make amendments within the existing loan agreement, we offer you the option of consulting with us on your loan agreement and selecting a debt repayment contract.

How is the credit rating set?

As elsewhere in the world, Citadele determines a person's credit rating by evaluating and summing up various criteria according to a special formula.

  • No delays for loan and other monthly payments;
  • Official income level, stability
  • Monthly payment volume comparing to income level

These are the main criteria on which a good credit rating is based on, therefore allows to get a loan with a lower interest rate. Credit rating is also positively affected by age. Over the years, people become more responsible and can get a better loan offer from the bank.

What can be done to improve your credit rating?

Payment discipline - timely payment of credit payments and bills - is essential for building good creditworthiness. Therefore, even if you have a payment delay, you can change this habit and improve your credit rating. Creditworthiness will also be improved by settling already overdue payments. Even if a person has been registered for late payment in a debt collection database, it is important that these obligations are closed at the time of the credit review. The status of an active debtor at the time of the loan review is much worse than the situation if you have had late payments, which are currently paid.

An important aspect is a stable, official and regular income. A workplace with several years of service will improve your credit rating, but it will also be a good credit rating if you have passed the novitiate period at work and have been working for some time. It is better to wait and not take credit during the novitiate period. By the way, Citadele customers who have been transferring their monthly income to Citadele's account for more than three months can receive a consumer loan with a reduced rate.

Will monthly loan payments be deducted automatically?

The monthly payment from your Citadele bank account will be deducted automatically, but by the date of payment, it must be ensured that the required amount of money is available in the account.

What are the most common reasons, why people can't get consumer loan?

In about 30% of cases the reason for rejection is late payments, which are registered in one of the registers. In another 30% of cases, the consumer loan is denied because of insufficient income level for additional obligations. It is important to be aware that only official income is taken into account. In another 25% of cases, the deny of a consumer loan issuing is related to the fact that a person already has too many loans.

More questions
Can I repay the consumer credit completely before the due date and do I have to pay a commission for this?

Yes, you can repay the loan fully at any time and free of charge by writing an free form message in Internet bank or application in branch for early repayment.

How does the bank evaluate my creditworthiness?

Credit rating is formed by evaluating and summing up various criteria according to a special formula - credit history, income and expense ratio, length of service in the current job, type of income source and other factors. Each customer is getting an individual credit rating. Based on this, the bank determines the level of a person's creditworthiness, the available interest rate and the available lending services.

If a person applies for a consumer loan, the bank checks the submitted data. It checks the client's income indicated in the questionnaire, and it is evaluated whether late payments have been registered. If the debt was more than two years ago, the credit rating will be better than for a recent debtor or an existing debtor. This means that everyone can improve their creditworthiness by paying off their debts.

What should I do if, for serious reasons, I am having difficulties repaying my consumer loan/car loan/credit limit?

If you have come into serious difficulties regarding the repayment of consumer loans, and it is not possible to make amendments within the existing loan agreement, we offer you the option of consulting with us on your loan agreement and selecting a debt repayment contract.

How is the credit rating set?

As elsewhere in the world, Citadele determines a person's credit rating by evaluating and summing up various criteria according to a special formula.

  • No delays for loan and other monthly payments;
  • Official income level, stability
  • Monthly payment volume comparing to income level

These are the main criteria on which a good credit rating is based on, therefore allows to get a loan with a lower interest rate. Credit rating is also positively affected by age. Over the years, people become more responsible and can get a better loan offer from the bank.

What can be done to improve your credit rating?

Payment discipline - timely payment of credit payments and bills - is essential for building good creditworthiness. Therefore, even if you have a payment delay, you can change this habit and improve your credit rating. Creditworthiness will also be improved by settling already overdue payments. Even if a person has been registered for late payment in a debt collection database, it is important that these obligations are closed at the time of the credit review. The status of an active debtor at the time of the loan review is much worse than the situation if you have had late payments, which are currently paid.

An important aspect is a stable, official and regular income. A workplace with several years of service will improve your credit rating, but it will also be a good credit rating if you have passed the novitiate period at work and have been working for some time. It is better to wait and not take credit during the novitiate period. By the way, Citadele customers who have been transferring their monthly income to Citadele's account for more than three months can receive a consumer loan with a reduced rate.

Will monthly loan payments be deducted automatically?

The monthly payment from your Citadele bank account will be deducted automatically, but by the date of payment, it must be ensured that the required amount of money is available in the account.

What are the most common reasons, why people can't get consumer loan?

In about 30% of cases the reason for rejection is late payments, which are registered in one of the registers. In another 30% of cases, the consumer loan is denied because of insufficient income level for additional obligations. It is important to be aware that only official income is taken into account. In another 25% of cases, the deny of a consumer loan issuing is related to the fact that a person already has too many loans.

More opportunities

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Financing of up to 20 000 EUR for the purchase of solar panels. Apply online and receive a reply within 20 minutes.
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X cards

Most convenient cards for everyday needs, as well as for shopping and travels.
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Leasing

Quick and easy application. Down payment starting from 10 %.
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* To borrow, you must be at least 18 years of age, and you must have a regular, stable and verifiable monthly income. Borrow responsibly and assess your ability to repay the loan.
** The calculations made using the calculator are of an informative nature and each client's situation is assessed individually. The initial annual percentage rate is 13.29 % on the following sample: amount of credit 2000 EUR, interest rate 11 % per year (fixed rate), contract fee 50 EUR, period 48 months, monthly payments 51.87 EUR, total amount of repayment 2539.76 EUR.