BIGBANK's safety loan is a reasonable and secure solution when you have a need for additional finances. In case of a safety loan, the insurance covers your loan payments in case of undesired unemployment, temporary incapacity for work and death. You can apply for a loan at BIGBANK's Internet bank, twenty four hours a day and seven days a week.
More information on 2=1 campaign here.
| The following sample payments help you evaluate the actual monthly burden of loan* | ||||
| Credit amount | 2 years |
3 years |
4 years |
5 years |
| 4 000 | 260 | 212 | 184 | 167 |
| 5 000 | 325 | 264 | 230 | 209 |
| 6 000 | 390 | 317 | 275 | 250 |
| 8 000 | 520 | 423 | 367 | 334 |
| 10 000 | 650 | 528 | 459 | 417 |
| 12 000 | 780 | 634 | 550 | 500 |
| 15 000 | 975 | 792 | 688 | 625 |
* Examples about the consumer credit cost rate: in case of a loan of 30,000 kroons for 60 months, the interests constitute 28% in a year and the consumer credit cost rate 51.9%; in case of a loan of 50,000 kroons for 120 months, the interests constitute 25% in a year and the consumer credit cost rate 39.9%.
You can examine loan payments in euros (EUR) here.
Conditions of the loan
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Loan amount from 4000 to 15,000 Estonian kroons (255,64 € - 958,67 €)
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Loan maturity: 24 to 60 months
- Up to 120 months for existing clients
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It is possible to shorten the loan maturity by making larger payments on your own initiative and repaying the credit amount sooner
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Interests constitute starting from 25% of the loan amount in a year, for example if you take a loan of 10,000 kroons, (639,11 €) the possible amount of the monthly payment starts from 292 kroons (18,66 €)
- The interest of a safety loan does not differ from the interest of a loan without insurance
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Includes insurance in case becoming unemployed without an additional fee
- both the loan principal and interest are compensated, therefore the remaining loan amount decreases also during the insured event
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Contract conclusion fee is 500 kroons (31,95 €) (400 kroons at the Internet (25,56 €))
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Premature termination of the loan contract is possible at any time and does not bring along any additional costs
- 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.
- In order to apply for a loan, enter the Internet bank or fill in the application here
Insurance
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In case of undesired unemployment or temporary incapacity for work, ERGO Kindlustuse AS shall compensate your loan payments in the extent of 12 months per one insured event
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In case of several insured events, the maximum period of compensating loan payments is 24 months in total
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In case of death, the insurance shall fully cover the outstanding loan balance unpaid by the moment of death
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The insurance period depends on the maturity of the credit receiver's loan contract, but the insurance shall not cover a longer period than 60 months. The insurance does not cover the first 60 days of unemployment or incapacity for work
Read more about the insurance conditions here
Requirements to the Applicant
- The applicant has to be an adult;
- The applicant has to be a citizen of the Republic of Estonia or have a residence permit or right of residence for residing in the Republic of Estonia, which is valid for at least six months after the end of the loan maturity stated in the application;
- The monthly stable income of the applicant after deducting constant obligations has to be at least 3000 kroons (191,73 €);
- The applicant has not had any payment defaults during the previous 6 months;
- In order to apply for the loan the applicant has to have gotten thoroughly acquainted with the conditions of applying for the loan and consulted the bank or other experts if necessary.
Applying for and Disbursing the Loan
Applying for the loan in simple and quick, in order to do so:
1. Enter the Internet bank of BIGBANK using an ID card on bank passwords.
2. Fill in the loan application form, read through the requirements necessary for applying for the loan and confirm their validity.
3. After that, the automatic decision is displayed on the same page, which is based on the requirements brought out in section 2.
4. Submit your bank account statement in the manner prescribed in the decision.
5. Then the bank shall confirm the validity of the information you have submitted.
If the information is valid then the contract is uploaded to the Internet bank and if you have confirmed it, then the credit amount is transferred to your bank account.
Concluding the loan contract is done at the Internet bank or a branch of the bank:
Loan contracts can be signed at our branches, the Internet bank and post offices all over Estonia. If you wish to sign the contract at a branch of BIGBANK, you have to submit an identification document (passport, ID card, a driver's license of the Republic of Estonia, a seafarer's discharge book, certificate of record of service on Estonian ships).
The credit amount is disbursed in a couple of workdays only to the bank account of the borrower at Swedbank, SEB Bank or Sampo Bank.
Attention!
Please make sure you read the loan terms and conditions before you take a loan and consult our specialists if necessary.
For the purpose of simplifying choices and decisions in complicated areas as banking, insurance and investing the consumer website minuraha.ee has been started by the specialists of Financial Supervision Authority, which is meant for you - daily consumer of financial- and insurance services.
