Lenders

Page last edited: 04.11.2026

Lenders – helps you avoid overpaying!

Lenders is a Latvian loan comparison platform. Terms differ between banks and other lenders, and with Lenders their consumer loan and real estate loan offers can be compared with a single application. To do this, fill out a short form and confirm your identity via online banking; the application is reviewed by up to 14 banks and lenders, and their offers arrive within 1 hour. Through the platform you can request from 500 to 25,000 EUR for 1 to 120 months, with annual rates from 7.9% to 56% depending on the lender. After choosing an offer and signing the contract, the money reaches the specified bank account within 1 hour on a business day. The service is free, creates no obligations and is available both to private individuals and to persons engaged in business activity aged 18 to 85.

Phone: +371 60003000
Email: eksperti@lenders.lv
Website: lenders.lv

A car can be bought not only through leasing or a car loan but also with an ordinary consumer loan: in that case the car is not pledged and can be sold freely, though the rate is usually higher. When choosing the term, make sure that payments on all loans do not take up too large a share of your monthly income – otherwise even a small unexpected expense can lead to arrears. A consumer loan can be repaid early in full or in part (pirmstermiņa atmaksa), which reduces the total cost of the loan. Many lenders grant loans from age 18, and for some the upper age limit reaches 85; for pensioners, the pension is counted as income in the creditworthiness assessment.

What is the possible loan term?

The loan term is from 1 to 120 months. The specific term depends on the type of loan the client chooses and on the general terms of the product offered by the lender making the offer. A shorter term means a higher monthly payment but less overpayment, while a longer term works the other way round, so when comparing offers it is worth looking not only at the payment but also at the total amount repayable.

What is needed to apply for a loan?

A regular, stable and officially confirmed income is required, and the applicant must be between 18 and 85 years old.

Can I apply with a bad credit history?

Yes, you can apply even with a bad credit history. Some lenders make offers to people with a damaged credit history, and each such case is assessed individually. Keep in mind, however, that for borrowers with a weaker credit history the interest rates and other terms of the offer may differ from the standard ones and are usually less favourable.

How soon will I receive a response on the loan?

After the loan application is completed, a decision arrives within an hour. The client then compares the offers received, chooses the most suitable one and signs the contract with that lender. Once the contract is signed, the money is credited to the client’s bank account – on a business day, usually within an hour.

What does the interest rate depend on?

The rate depends on the type of loan and the general terms of the specific lender’s product, but not only on them. Each bank sets it individually based on its internal credit policy, and the final rate is affected by the borrower’s income, financial obligations, credit history, payment discipline and other factors. The exact rate can only be found out by filling out an application and receiving offers from lenders; completing the application takes just a few minutes, and once the offers arrive, the loan terms can be reviewed in detail.