What is an SMS loan?

An SMS loan is a fast loan that can be applied for by SMS. Loan providers usually offer this service for smaller amounts and the repayment period is short, usually 15-30 days. SMS loans have higher interest rates than traditional loans and can therefore be a costly way of borrowing, especially if the loan cannot be repaid on time.

Here are some links to more information on SMS loans:

  • Laen.ee offers different types of online financial products, such as virtual credit card, credit account, consumer credit, quick loan, car loan and hire purchase. Choose your loan from 200 to 7500 EUR, with a repayment term of 1 to 60 months. First loan up to 7500 EUR free!
  • SMSRaha.ee offers different types of online financial products such as virtual credit card, credit account, consumer credit, quick loan, car loan and hire purchase. Choose your loan from 200 to 7500 EUR, with a repayment term of 1 to 60 months. First loan up to 7500 EUR free!
  • Credit24.ee offers credit based on the credit account limit. If you borrow €1000 for 12 months at a fixed interest rate of 24% per annum, the APR is 27.24% per annum, the repayment amount is €1135 and the total amount is €1135. Repayment period between 3 and 60 months. Check the terms and conditions on credit24.ee and consult an expert on 614 3400.
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