Credit Line
Interest from 2% — no contract fee
A credit line is similar to a credit account — you have ongoing access to funds that you can use and repay repeatedly.
Parim pakkumine "Credit Line"
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Parim pakkumine "Credit Line"
Meie eksperdid analüüsivad iga päev turgu ja valivad TOP 3 pakkumist parimate tingimustega spetsiaalselt teile.
Võrdle "Credit Line" pakkumisi
Kasuta meie nutikat sorteerimistööriista — filtreeri summa, perioodi ja intressimäära järgi ning leia ideaalne pakkumine.
Võrdle "Credit Line" pakkumisi
Kasuta meie nutikat sorteerimistööriista — filtreeri summa, perioodi ja intressimäära järgi ning leia ideaalne pakkumine.
Võrdle pakkumisiAI leiab parima variandi
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AI leiab parima variandi
Täida avaldus — meie süsteem koos AI ja spetsialistidega leiab variandi kõrgeima kinnitamise tõenäosusega sinu profiili järgi.
Täida avaldusWhat is a credit line?
A credit line (also called a credit limit facility) is a revolving loan limit granted to an individual by a bank or credit company. It works similarly to a credit account: you are assigned a maximum borrowing amount that you can draw from as needed. Interest is charged only on the funds actually used, not on the full available limit.
A credit line differs from a traditional loan in its flexibility. With a standard loan, you receive a fixed sum and repay it according to a set schedule. With a credit line, you can borrow and repay freely as long as you stay within the approved limit.
Credit line terms in 2026
- Limit: 250 – 5,000 € (credit companies) / up to 25,000 € (banks)
- Interest rate: 12 – 36% per year (depends on provider and creditworthiness)
- Minimum monthly payment: typically 5 – 10% of the used amount
- Limit renewal: automatic after repayment
- Contract fee: 0 – 50 € (many providers charge 0 €)
- Requirements: Estonian resident, age 18+, regular income
How does a credit line work?
Using a credit line is straightforward:
- 1. Apply for a credit line and receive your limit (e.g., 2,000 €)
- 2. Draw as much as you need (e.g., 800 €)
- 3. Pay interest only on the 800 € you actually used
- 4. Repay in installments — the repaid portion becomes immediately available again
- 5. The entire cycle repeats without a new application
It is important to understand that the minimum monthly payment on a credit line often covers only the interest. To reduce the principal, you need to pay more than the minimum required amount.
Advantages and disadvantages of a credit line
Advantages:
- Funds are always available without a new application
- Interest only on the amount actually used
- Flexible repayment schedule
- Suitable for covering unexpected expenses and managing cash flow
Disadvantages:
- Interest rate is typically higher than on bank loans
- Making only minimum payments significantly extends the loan duration
- Temptation to continuously use the available limit
- Long-term usage can result in substantial total costs
Who is a credit line suitable for?
A credit line is a good choice for individuals who need a financial safety net for unexpected situations: car repairs, appliance replacements, or unforeseen medical expenses. It is also suitable for those with irregular income (e.g., freelancers, seasonal workers), since the repayment terms are flexible.
A credit line is not ideal for long-term financing. If you need a larger sum for a longer period, a personal loan is usually a more cost-effective option. Only use a credit line when you are confident that you can repay the drawn amount within a reasonable timeframe.
Content prepared by 123laen.ee specialists
Our team analyzes the Estonian credit market daily, verifies conditions and ensures data accuracy for every lender.
Editor
Andres Mets
Analyst team
123laen OÜ
Compare Loan Types
| Quick Loan | Credit Account | You are here Credit Line | Credit Card | Personal Loan | Refinancing | |
|---|---|---|---|---|---|---|
| Amount | 50–5 000 € | 100–5 000 € | 500–10 000 € | 200–5 000 € | 500–10 000 € | 500–30 000 € |
| Term | 1–36 mo. | 6–60 mo. | 6–60 mo. | Revolving | 6–72 mo. | 12–120 mo. |
| Interest | 0–45% | 0–25% | 5–25% | 15–25% | 5–20% | 4–15% |
| Speed | 15 min | 1–24h | 1–24h | 3–7 days | 1–3 days | 1–5 days |
| Collateral | No | No | No | No | No/Yes | No |
| Best for | Urgent needs | Flexible credit | Revolving limit | Daily purchases | Larger amount | Lower payments |
| View offers | View offers | View offers | View offers | View offers | View offers |
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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.
Your borrower rights
Protected by law
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.
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.
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.
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.
Checklist: what to ask your loan advisor?
8 important questions before taking a loan