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Loans in Estonia — everything you need to know

Objective and independent loan comparison

How to choose the right loan?

When choosing a loan, it's important to compare multiple offers — not just the interest rate, but also the APR (Annual Percentage Rate), which includes all fees. Use our loan calculator for precise calculations and our comparison table to find the best offer.

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What does the lender check?

The lender evaluates your income, existing obligations, and credit history. In Estonia, data is checked through the payment default register and credit bureau. The better your credit score, the lower the interest rate.

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123laen.ee is Estonia's independent loan comparison service, operating since 2016. We help you find the best loan offer by comparing quick loans, personal loans, credit accounts, credit lines, credit cards, and refinancing options from verified Estonian lenders. Our service is completely free for borrowers. Use the loan calculator for precise cost calculations or go directly to the comparison table to find the most suitable offer. Read expert analysis on our blog.

Online loans in Estonia

Applying for loans online has become the standard in Estonia. The entire process — from application to receiving funds — takes place digitally, without visiting a bank branch. Identity verification is done via ID-card, Mobile-ID, or Smart-ID, and bank statements are retrieved automatically. Most lenders process applications within 15 minutes to 1 business day. Online loans offer competitive rates because lenders save on operating costs and pass those savings to borrowers.

On 123laen.ee, you can compare all types of online loans from licensed Estonian lenders in one place. We update our data regularly to ensure you always see the latest interest rates, terms, and conditions.

Unsecured loans — no collateral needed

Most consumer loans in Estonia are unsecured — they don't require property, a vehicle, or any other collateral. The lender's decision is based solely on your income, credit history, and existing obligations. This makes the application process faster and more accessible, especially for smaller amounts up to 10,000 €.

Unsecured loans include quick loans, personal loans, credit accounts, and credit cards. The trade-off is a slightly higher interest rate compared to secured loans, but the convenience and speed often outweigh this difference.

Loans for individuals

All loan products on 123laen.ee are designed for private individuals (natural persons). Whether you need funds for an unexpected expense, a planned purchase, or debt consolidation — we help you compare offers specifically tailored for individuals. Requirements typically include: Estonian residency, age 18–75, regular income, and a valid Estonian ID document.

Use our loan calculator to estimate your monthly payment before applying, and check the comparison table to find the lender that best fits your needs.

How does it work?

01

Choose amount and period

Use our filter to set the desired loan amount and repayment period.

02

Compare offers

View all matching offers and compare interest rates, monthly payments and terms.

03

Choose the best

Find the offer that best suits your needs and click through to the lender's page.

04

Get your money

Fill in the application on the lender's website and get a decision in minutes.

Why choose us?

123laen.ee is Estonia's largest independent loan comparison portal. We are not lenders — we help you find the best offer.

Compare all offers

30+ trusted lenders in one place.

Verified reliability

All our partners are licensed by the Estonian Financial Supervision Authority.

Find the best choice

Our calculators help find the most affordable solution.

Customer support

Need help? Our team answers your questions.

Borrower requirements

Main conditions for getting a loan

Minimum age 18 years

Must be at least 18 years old, Estonian resident

Regular income of at least €600/month

Regular income must be verifiable

Estonian resident or residence permit holder

Estonian personal ID and bank account

No active debt obligations or payment defaults

Checked via the payment default register

Valid email address and phone number

Required for application verification

Important notice!

A loan affects your credit history. An unpaid loan can worsen your credit rating.

Late payments result in penalties and late fees.

Before taking out a loan, assess your financial situation and ability to repay.

Think before you borrow

Responsible lending

Borrowing is a serious financial decision that affects your life for a long time. Follow these recommendations to avoid financial stress and over-indebtedness.

Create a budget

Before taking a loan, create a detailed monthly budget. Calculate your income and all mandatory expenses — rent, utilities, food, transport. The loan payment must fit within your available funds.

Don't borrow on impulse

Impulsive decisions often lead to over-borrowing. Wait at least 48 hours before submitting an application. If the need still seems justified after waiting, only then proceed.

Compare offers

Don't choose the first offer. Compare terms from at least 3–5 lenders — interest, APR, fees and repayment schedule. Use our comparison table to find the best one.

Read the contract

Before signing, read the contract carefully. Pay attention to the interest rate, APR, penalties, early repayment terms and all fees.

Learn more about responsible lending

Your borrower rights

Protected by law

14 DAYS

Right of withdrawal

You have 14 calendar days to withdraw from the contract without giving a reason. Return the loan amount and accrued interest — the contract will be cancelled.

ANYTIME

Early repayment

You have the right to repay the loan early in part or in full at any time. The lender may charge compensation of maximum 1% of the amount repaid.

YOUR CHOICE

SECCI standard information

Before signing the contract, the lender must provide you with a SECCI information sheet — it contains all loan terms in one document for an informed decision.

LEGALLY PROTECTED

Dispute resolution

If a dispute arises with a lender, you have the right to contact the Consumer Protection Authority free of charge. You can also use out-of-court solutions.

All borrower rights

Checklist: what to ask your loan advisor?

8 important questions before taking a loan

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