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Payment by instalment

If you would like to buy electronic or new household appliances or are building, renovating or fitting out your home, payment by instalment is a convenient option to make all the necessary purchases in one go and pay for them in instalments.

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  • Choose the goods you would like to buy on payment by instalment
  • Complete an application for payment by instalment at the location of the merchant of your choice
  • In the event of an affirmative loan decision, sign an agreement for payment by instalment
  • After signing the agreement, you will receive your goods immediately
  • For the payment of instalments, an electronic invoice is sent to your Internet bank on the agreed date


  • An applicant must be at least 21 years old and an Estonian citizen or a foreign national holder of a residence permit
  • Monthly income from €280
  • Excellent credit record
  • Payment by instalment may be made for goods whose cost ranges €80 to 2000
  • Fixed interest of 11.9% per annum on the purchase amount
  • Loan term of 6 months to 4 years

The annual percentage rate on payment by instalment is 39.39% per annum on the following sample terms and conditions: the net price of the subject of contract is €250 when payment is made immediately, the credit amount is €250, down payment of €0, agreement term of 12 months, fixed interest rate of 11.9% per annum calculated on the purchase amount, agreement fee of €15, monthly management fee of €0.90, monthly instalment of €25.69, total amount of credit of €308.21 and total amount of repayments of €293.21.

Payment by instalment is provided by Coop Finants AS. Before you conclude an agreement, we advise you to review the terms and conditions of the financial service and, if necessary, consult a specialist.

  • Agreement fee €15
  • Agreement management €0,90 per month
  • Annual interest from 11.9% of the installment payment
  • Amendment of agreement €15
  • Agreement fee for refinancing of an agreement in arrears €20
  • Fee for the preparation and issuance of a certificate (confirmation letter) €5
  • Early repayment fee:
    less than 1 year left to the end of the contract – 0.5% of the refundable amount
    more than 1 year left to the end of the contract – 1% of the refundable amount

Fines and penalties:

  • Reminder due to delay in payment of the installment(s), from the second reminder for each obligation that has become payable €5
  • Interest rate after the expiry of the contract and after the termination of the contract – contract interest rate, but not less than statutory interest rate for consumer credit, 360 days a day*
  • Recovery costs after the expiry of the contract – according to the Law of Obligations Act

* The statutory default interest rate on consumer credit corresponds to the latest interest rate applied to the European Central Bank's (ECB) main refinancing operations, plus 8% per annum, before the 1 January of each year and 1 July each year. The ECB's interest rate is published by Eesti Pank in the Ametlikud Teadaanded publication.