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Patēriņa kredīts SEB bankā

Give yourself a freedom for larger and smaller purchases

Loan amount up to

20 000 EUR


Interest rate from



Repayment term up to

7 years


No collateral and no down payment


Funding for improving home energy efficiency

We apply a fixed interest rate of 5.9% per annum for the purchase and installation of solar panels or certain heating systems:

  • Purchase and installation of new equipment for generating electricity: Solar panels, wind generators
  • Purchase and installation of equipment for energy efficient heating: heat pump, wood biomass boiler (pellet boiler)

A well-considered purchase may be a step towards a more environmentally friendly lifestyle

There is no doubt that excessive consumerism has become a major problem relating to climate change and created many negative consequences for the environment. Everything we purchase has an environmental impact, and we strongly encourage conscious consumption: only consider buying a product or service you need and evaluate whether the use of that product or service can contribute towards mitigating climate change.




Consumer loan calculator

Calculation example:

The monthly payment is 102.04 EUR, assuming that the loan amount is 7000 EUR, the loan agreement lasts for 7 years, the fixed interest rate of 5.9%, the commission fee for processing the loan is 90 EUR, the commission fee for servicing the current account is 1 euro per month. The annual interest rate is 6.89%. Under such conditions, the total amount to be repaid is 8 746.81 EUR. This example is informative. Each customer’s situation is evaluated individually.


Which loan type is the most suitable for you?

Select the goal you wish to achieve and compare the available financing solutions.

Home renovation and furnishing


Buying a car


Larger purchases and travelling


Improving home energy efficiency


Home purchase or construction




What SEB offers

  • No collateral and no down payment
  • Loan is transferred to your account immediately after signing the agreement
  • Special terms for purchasing a vehicle
  • No fee for early repayment

More about the consumer loan

Service Fee
Revision of the application Free of charge
Processing of the loan (% of the granted amount)1 1%, min 90.00 EUR
Repayment of the loan before maturity Free of charge
Extending the term of the loan or other changes on the customer's initiative1 30.00 EUR

1 The commission fee must be paid on the day the agreement or amendments are signed.

The available amount of the loan will depend on your income, your existing debt obligations, and your credit history.

Basic lending conditions

The interest rate on the loan

We offer consumer loan with a fixed annual interest rate starting from 7,9%, evaluating the individual solvency of each customer.

When using the consumer loan for a purchase of a vehicle (passenger car, motorcycle, tricycle, moped or quadricycle), the vehicle must be registered in the Road Traffic Safety Directorate on your name within 2 months from the date you have received the consumer loan. 

The amount of the loan

From 1000 up to 20,000 EUR

The available amount of the loan will depend on your income, your existing debt obligations, and your credit history.

Issuing of the loan

The amount of the loan will be credited to your account with SEB banka automatically after signing of the loan agreement.

Maturity date

From 1 to 7 years

If you decide to repay your loan early, you will be able to do so without incurring any additional costs.

Monthly repayment of the loan and interest

May not exceed 40% of your net income (taking into account your other loans and lease payments). The repayment of the loan and interest occurs in equal monthly instalments, enabling your to monitor and plan your expenses easily. Each month, the amount repayable will be automatically deducted from your account with SEB banka.

Documents to be submitted

To receive a consumer loan, you will need to present a document to prove your identity (your passport or ID card) and submit the following:

  • A completed consumer loan application
  • A document supporting your income if your salary is not credited to an account with SEB banka (such as a bank account statement for the last six months)

Borrowing is an important decision involving risk, therefore we encourage you to:

  • consider for what purpose and how much you need to borrow, and how you would repay the loan;
  • give us true and complete information;
  • clarify all the costs associated with the borrowing;
  • consider how you would repay the loan should your financial situation deteriorate;
  • read through all the loan related documents (the agreement, informative materials, etc.) before signing them;
  • contact us as soon as you become aware of the likely loan repayment problems.

When examining the terms and conditions of the loan and the agreement please pay attention to the following:

1. Standard European Consumer Credit Information

Before signing the loan/overdraft agreement we will issue the Standard European Consumer Credit information sheet to you, which provides and overview of the most important terms and conditions of the agreement.

2. Joint and several liability of several borrowers

In case of several co-borrowers, they would need to assume joint and several liability for the performance of the agreement, i.e., each borrower is responsible for the repayment of the loan as well as for the full performance of other obligations assumed under the agreement.

3. Loan currency

We issue the loan in the currency of your residence country, i.e., Latvia (in euros).

4. Loan disbursement terms and conditions

In most cases you may start using the loan immediately after signing the agreement and fulfilling any required preconditions.

The consumer loan will be disbursed (the overdraft will be opened) to your current account at SEB bank.

5. Right to withdraw from the consumer loan agreement

Within 14 days of signing the agreement, you may withdraw from it subject to fulfilling the terms and conditions set out in the agreement.

6. Interest

The interest rate is specified in the agreement.

The interest rate applicable to a consumer loan and overdraft is fixed. Interest on a consumer loan is payable on the outstanding loan balance, whereas interest on overdraft is payable on the used overdraft limit.

7. Loan repayment

We will withhold the payments due under the loan agreement from your current account. Where there are several borrowers, we will have the right to withhold loan related payments also from the current accounts of other borrowers as specified in the agreement.

A consumer loan is repaid according to the payment schedule on monthly basis. The amounts of your monthly payments / loan principal repayments and interest payments are broken down into equal payments to the extent possible.

In case of an overdraft, the used part of the overdraft limit is repaid, and the overdraft limit become available again once the funds are credited to your account. You will pay monthly interest on the used overdraft limit.

8. Early repayment

You can repay a consumer loan in whole or in part before the maturity date at no additional cost.

9. Amending the terms and conditions of your loan agreement

Usually, the terms and conditions of the agreement (including interest rates) are amended subject to a written agreement between the parties. A commission fee is charged for amending the terms and conditions of a loan agreement.

10. Consequences and costs of violating the terms and conditions of the loan agreement

If you do not make loan principal repayments when they fall due, we may charge late payment interest at the rate set out in the agreement. If you do not make interest and/or commission fee payments when they fall due, we will have the right to charge contractual penalty at the rate set out in the agreement.

If you owe us money, we will first send you a reminder. If the amounts owed to SEB bank are overdue, we will have the right to publish the debt related information in the established public and private debt history databases.

11. Terminating the agreement and the consequences thereof

We have the right to unilaterally terminate the agreement if the obligations laid down in the agreement are not performed in full. In that case you would be required to cover all debt collection related costs.

12. Loan agreement related costs

Upon signing the agreement you will pay a commission fee for the paperwork in the amount and on the terms and conditions set out in the agreement. Please read the price list of SEB bank: Price list

13. Duty to open an account and remit income

By the date of signing the loan agreement, you (and your co-borrower) would need to open a current account at SEB bank for the entire term of the loan. In case of an overdraft, your regular income would need to be transferred to your current account at SEB bank. In case of a consumer loan, you should ensure that there are sufficient funds on your current account to cover the monthly payments.

14. Complaints and disputes

If you have any complaints concerning our activity, we encourage you to first discuss the matter with us.

If you are not satisfied with our response and continue to think that we have violated your rights when granting the loan, you may turn to the Consumer Rights Protection Centre (Brivibas street 55, Riga, LV-1010; .

In order to resolve a dispute, you may contact the Consumer Dispute Resolution Committee the carrying out of the activities of which is ensured by the Consumer Rights Protection Centre, or refer your case to a court.

Simple to apply

  • Fill in and submit the application
  • We will contact you if there are any additional questions
  • After a positive decision, sign the agreement in the internet bank