Ondo

Page last edited: 04.11.2026

Ondo – 10 minutes, and money in your account!

Ondo is a non-bank lender offering short-term loans to cover unexpected expenses. No collateral, guarantor or income certificate from an employer is required – a mobile phone and an account with a Latvian bank are enough. The amount is 50 to 5,000 EUR, the term is 1 to 48 months and the APR ranges from 45.10% to 53.76%; the loan can be repaid in instalments or in full at once. After the application has been reviewed and approved, the money arrives within 10 minutes, and a 100% discount applies to interest for the first 30 days. According to the lender, there are no hidden fees. The loan is available to permanent residents of Latvia aged 18 to 80 with suitable income and a positive credit history.

Phone: +371 80909999
Email: info@ondo.lv
Website: ondo.lv

A “first loan free” offer usually means a discount only on interest for a set period – for example, the first 30 days; after that the standard rate applies, and if the schedule is not followed, the discount may not apply. So even with a free start, it is worth looking at the total amount repayable over the whole term. Many non-bank lenders check applicants not only in the debtor register but also with the credit bureau (Kredītinformācijas birojs), which shows all current loans and payment history. For young borrowers from age 18, the first limit is often lower and grows as loans are repaid on time.

What do I need to get a loan from Ondo?

You must be a permanent resident of Latvia aged 18 to 80, with an account at one of the Latvian banks and an active mobile phone number. In addition, the applicant must have no overdue payments or breached debt obligations, and their income and credit history must allow them to qualify for a loan.

What documents are required?

No documents are needed to get a loan. A mobile phone and an account with one of the Latvian banks are enough – everything else is arranged online.

How much can I borrow?

The loan amount at Ondo is 50 to 5,000 EUR. However, the limit is set separately for each client: new clients are usually offered a smaller amount the first time, and for young borrowers the limit is opened up gradually. If a loan is repaid on time and the contract terms are not breached, the limit increases with subsequent loans. Ondo determines the final amount available to a particular client after reviewing the application.

How quickly will the money reach my account?

Swedbank and Citadele customers receive the money within 10 minutes (in 98% of cases) after the application is reviewed and approved – provided this happens during Ondo’s business hours. If the account is with another bank, the transfer takes longer: up to three days from the review of the application. In addition, if the bank’s system has technical problems, receiving the money may be delayed even further.

Why was my loan application refused?

Unfortunately, a loan is not granted if the applicant is listed in a debtor register, has not yet repaid a previous Ondo loan, provided incorrect data during registration or does not meet the age requirement of 18 to 80.