Hire purchase

General principles of the hire purchase

Amounts from 75€;
Period from 4 to 48 months;
Fixed interest rate among the whole installment period;
Self-financing from 0%;
We do the payment schedules personally;
18-65-years-old person can apply (assumption: loan must be paid before 65th birthday);

Opportunity of collaboration

Finora Capital offers a personal approach, automated system of making decisions and quick reaction.

If you have an interest to collaborate and you want to offer your clients the opportunity of hire purchase, please contact us info@finoracapital.eu

Partners

Amount

Period

Monthly annuity payment	€
The gross amount of the credit	€
Cost of credit	%

Apply for a loan

The results of current calculator are approximate and illustrative. More precise information about borrowing related costs can be found here.

APPLICATION FOR INSTALLMENT PAYMENT

Personal information

First name *

Surname *

ID code *

Phone *

E-mail *

THE EXAMPLE:

Annual Percentage Rate of Charge is 19,47% per year based on following terms:

sum of installment 2000 EUR;
period of loan 3 years;
contract fee 25 EUR;
interest rate 17%;
monthly annuity payment 71,31 EUR.

Annual Percentage Rate of Charge calculation is based on assumption that principal and interest need to be paid back by monthly annuity payments. The summarized cost of credit is 2 592,16 EUR during the 3 years.

Residental address and earnings

County *

City *

Street *

House no

Apartment no

Monthly net income € *

Monthly loan payables € *

Education *

Profession *

I have worked for the present employer for * months

Purchased good/service information

Trading partner *

The cost of buying the good or service (€) *

Loan sum (€) *

Loan period *

Additional Information

* I hereby give AS Finora Capital permission to handle my personal data and share with relevant third parties according to the regulation and principles of personal sensitive data handling (GDPR). I acknowledge that AS Finora Capital can take an automated decision about my application based on the data provided in this application and other relevant sources and databases. I am informed that I can submit an objection to the decision in order to defend my own justified interest.

* I give AS Finora Capital acceptance to control data of my accumulative pension account.

READ PRICELIST Personal information processing conditions

PRICE LIST

AS Finora Capital price list *
Valid from 15.08.2019

LOAN AGREEMENTS RELATED FEES:

Agreement fee	Mortgage loan: starting from 1,5% of the loan amount, no less than 100€ Hire purchase: 25€ Small loan: digital signing 10€, signing in Finora Capital office 25€ Microloan: loan amount up to 5 000 €: 50€, loan amount from 5 000 €: 100€ Overdraft: 15€
Amendment of the agreement	Mortgage loan: 1% of the loan amount, no less than 50€ Hire purchase and Small loan: 1% of the loan amount, no less than 25€ Microloan: extending the term of a loan 50 € Overdraft: extension of loan term 5€ , increase of credit limit 15€
Early repayment fee	Mortgage loan, Hire purchase and Small loan: 1% of early repaid credit amount if the period between the end of the credit contract and early repayment is more than 1 year and 0,5% of early repaid credit is respective period is less than 1 year.

FEES RELATED TO THE BREACH OF AGREEMENT BY THE BORROWER:

Reminder e-mail (first two)	Free of charge
Third reminder (regular mail)	5€
Fine level for delayed payment	Fixed in agreement, as a rule 2 times of the interest rate set in agreement
Delayes in insuring the collateral, delayes in loan repayments or other breaches of client obligations	The interest rate will automatically go up for 3 months by 4%
Initiation of proceeding for debt recovery if more than 3 payments are overdue or overdue period is more than 2 months	30€, if the claim amount is up to 500 € 40€, if the claim amount is 500-1000 € 50€, if the claim amount is over 1000 €

CONVENIENCE SERVICES:

Participation in notary proceedings outside of Tallinn	125€
Insurance of the collateral (insurance payment will be added to the service fee)	25€

OTHER AGREEMENT RELATED COSTS:

In addition to borrowing costs also costs related to insurance and mortgage setting will occur. The size of those costs depend on fees of respective service providers and government set duties. AS Finora Capital has no influnce on the level of those costs.

* fees of services that are taxable with VAT already include VAT