A flexible loan, in case of which it is possible to repay the loan by only one payment at the end of the period or, in case of a loan with monthly payments, you have the option of leaving 70% of the principal amount for the final payment. Clients of all banks can apply for the loan, your salary does not have to be received and you do not need to have an account at BIGBANK.
More information on 2=1 campaign here.
| Sample payments when repaying the loan with a single payment at the end of the period (no monthly payments)* | |||||||||
| 2 Months | 6 Months | 1 Year | |||||||
| Loan amount |
Inter. | Monthly payment | Final payment |
Inter. | Monthly payment | Final payment |
Inter. | Monthly payment | Final payment |
| 20,000 | 333 | 0 | 20,000 | 1950 | 0 | 20,000 | 3,900 | 0 | 20,000 |
| 50,000 | 833 | 0 | 50,000 | 4875 | 0 | 50,000 | 9,750 | 0 | 50,000 |
| 100,000 | 1,666 | 0 | 100,000 | 9750 | 0 | 100,000 | 19,500 | 0 | 100,000 |
| 150,000 | 2,500 | 0 | 150,000 | 14,625 | 0 | 150,000 | 29,250 | 0 | 150,000 |
| 200,000 | 3,333 | 0 | 200,000 | 19,500 | 0 | 200,000 | 39,000 | 0 | 200,000 |
| 250,000 | 4,166 | 0 | 250,000 | 24,375 | 0 | 250,000 | 48,750 | 0 | 250,000 |
| 300,000 | 5,000 | 0 | 300,000 | 29,250 | 0 | 300,000 | 58,500 | 0 | 300,000 |
| 400,000 | 6,666 | 0 | 400,000 | 39,000 | 0 | 400,000 | 78,000 | 0 | 400,000 |
| 500,000 | 8,333 | 0 | 500,000 | 48,750 | 0 | 500,000 | 97,500 | 0 | 500,000 |
| 600,000 | 10,000 | 0 | 600,000 | 58,500 | 0 | 600,000 | 117,000 | 0 | 600,000 |
You can examine loan payments in euros (EUR) here.
| Sample payments when repaying the loan with monthly payments, 70% of the principal amount at the end of the period* | |||||||
| Loan amount |
6 months | 1 year | 2 years | 3 years | 4 years | 5 years | 6 years |
| 20,000 | 1,537 | 876 | 589 | 497 | 454 | 428 | 410 |
| 50,000 | 3,841 | 2,189 | 1,472 | 1,243 | 1,135 | 1,070 | 1,026 |
| 100,000 | 7,683 | 4,379 | 2,943 | 2,486 | 2,270 | 2,139 | 2,052 |
| 150,000 | 11,524 | 6,568 | 4,415 | 3,729 | 3,405 | 3,209 | 3,078 |
| 200,000 | 15,365 | 8,758 | 5,886 | 4,973 | 4,540 | 4,278 | 4,104 |
| 250,000 | 19,207 | 10,947 | 7,358 | 6,216 | 5,675 | 5,348 | 5,131 |
| 300,000 | 23,048 | 13,137 | 8,829 | 7,459 | 6,810 | 6,417 | 6,157 |
| 400,000 | 30,731 | 17,515 | 11,773 | 9,945 | 9,080 | 8,556 | 8,209 |
| 500,000 | 38,413 | 21,894 | 14,716 | 12,431 | 11,350 | 10,695 | 10,261 |
| 600,000 | 46,096 | 26,273 | 17,659 | 14,918 | 13,620 | 12,834 | 12,313 |
You can examine loan payments in euros (EUR) here.
* Examples about the consumer credit cost rate: in case of a loan of 100,000 kroons for 2 months, the interests constitute 10% in a year and the consumer credit cost rate 28.0%; in case of a loan of 300,000 kroons for 12 months with prepaid interest, the interests constitute 19.5% in a year and the consumer credit cost rate 27.8%.
Real estate loan with no monthly payments
- There are no monthly payments, the interest is paid at the beginning of the loan, repaying the loan takes place as a single payment at the end of the period
- Amounts starting from 20,000 kroons (1 278,23 €)
- Interests constitute starting from 10% of the loan amount per year, depending on the loan period. Examine the bullet-schedule here.
- Loan maturity 2-24 months
- At first the contract is formalised for up to one year, with the possibility of extending it by an additional year
Real estate loan with monthly payments
- Amounts starting from 20,000 kroons (1 278,23 €)
- Interests constitute 19.5% of the loan amount per year
- The interest of a safety loan does not differ from the interest of a loan without insurance
- Loan maturity 6-72 months
- Use the loan calculator to calculate the approximate monthly payment
- It is possible to choose a residual value for this loan
- You have the option of paying up to 70% of the loan amount at the end of the loan period as a single payment and the rest in monthly payments
- When the schedule expires, it is possible to prepare a new schedule for the principal amount left at the end
Applying for a loan
- For applying, fill in the loan application, submit necessary documents and our loans specialist will contact you soon
- Necessary documents
- Loan application
- An identity document of the loan applicant Estonian citizen's, alien's or foreign citizen's passport, ID Card, Estonian driving license, a seaman's discharge book or a certificate of record of service on Estonian ships
- A valuation report compiled by a real estate appraiser accepted by BIGBANK
- A certificate proving that there are no utility arrears
- In case of a loan with monthly payments, also a bank account statement (required minimum monthly income is 3000 kroons (191,73 €)).
- Available all over Estonia
- from the BIGBANK branch offices or the post offices of Eesti Post
- at the Internet www.bigbank.ee
- by telephone 1333
- Loan contracts can be signed at our branches, the Internet bank and post offices all over Estonia
Collateral
- Dwellings are accepted as collaterals for the loan.
- The collateral has to be appraised beforehand (the appraisal may have taken place up to 3 months before)
- The collateral has to be insured in an insurance company accepted by the credit provider
- The collateral has to be kept under insurance protection during the whole loan period. The size of the insurance payment depends on the selected insurance company and conditions.
The maximum possible loan amount depends on the market value of the real estate used as collateral for the loan. If the required loan amount is larger than the value of the real estate, you still should contact or loan specialists in order to find a solution suitable for you together.
Premature termination of the loan contract is possible at all times and does not bring along additional costs. As an exception, only in case of prematurely terminating a real estate loan with monthly payments, the payment of a service fee in the extent of the interest payments of up to 6 months has to be paid.
Attention!
Before taking a loan, examine the loan conditions thoroughly and consult our specialists if necessary.
For the purpose of simplifying making choices and decisions in complicated areas such as banking, insurance and investing, the specialists of the Financial Supervision Authority have launched the consumer website minuraha.ee, which is meant for you - a daily consumer of financial and insurance services.
