Interest rates on fast loans in Estonia

The interest rates on fast loans are an important factor to consider when considering a fast loan in Estonia. The interest rate determines how much you will have to repay on top of the loan amount. In Estonia, the interest rates on quick loans can vary depending on the lender, the loan amount, the repayment term and other conditions. Here are some key points about the interest rates on quick loans in Estonia.

Average interest rates

Interest rates on fast loans in Estonia can be quite high compared to traditional bank loans. Most fast loan companies use risk-based pricing, where the interest rate is set according to the borrower's creditworthiness and the risk level of the loan. Average interest rates on fast loans in Estonia can range from 20% to 50% per annum.

Calculation of interest rates

Calculating the interest rate on a quick loan can be complicated as it depends on a number of factors. The most commonly used method to determine the annual interest rate is to calculate a percentage of the loan amount. For example, if you take out a loan of €1000 with a 30-day term and the interest rate is 30%, the interest payment would be €1000 * 30% / 365 days * 30 days = €24.66. You will therefore have to repay a total of € 1024.66.

Different lenders

There are a number of fast lenders in Estonia with different interest rates and conditions. Before you take out a quick loan, it is important to compare the offers of different lenders to find the best possible interest rate and conditions to suit your needs. Some lenders may offer lower interest rates for new customers or discounts on repayment terms.

Impact of credit basket on interest rates

Your credit score can affect the interest rates on a quick loan. If you have a good credit score, you may be able to get a lower interest rate because it shows the lender your payment history. If you have a bad credit score, lenders may charge higher interest rates because they take a higher risk of not being able to repay the loan. It is therefore important to take care of your credit score and pay your loan repayments on time.

Publication of interest rates

Lenders are obliged to disclose their interest rates and other costs related to the loan in a clear and transparent way. Before signing a loan agreement, read the whole agreement carefully and make sure you fully understand the interest rates and other terms. If anything is unclear or doubtful, ask the lender for further clarification.


Interest rates on fast loans in Estonia can be higher than on traditional bank loans. It is important to carefully study the different lenders, their interest rates and terms before taking out a quick loan. Also, remember that fast loans can be expensive and should be used carefully and only for essential expenses.

Share it!