Sefinance

Page last edited: 04.11.2026

Sefinance – lending centre.

Sefinance is a Latvian company that brings together financial specialists with many years of banking experience. According to the company, in 2010 it was the first in Latvia to offer a loan consolidation service and later expanded its range: today it can arrange consumer loans, car leasing, mortgage loans, refinancing and loan consolidation. The amount is 500 to 200,000 EUR, the term is 3 to 360 months and rates start from 6.9% per year; residents of Latvia aged 18 to 75 can apply. Applications can be submitted on the website without leaving home or at the office in Riga – a loan offer arrives within 15 minutes. The contract is signed at a meeting or delivered by courier anywhere in Latvia, and the money reaches the account within 30 minutes of signing.

Phone: +371 67332317
Email: info@sefinance.lv
Website: sefinance.lv

Loan terms in Latvia vary enormously: a consumer loan can be taken for a few months, while a mortgage can run for up to 30 years. A mortgage pledge is registered in the Land Register (zemesgrāmata), so when refinancing with another bank, besides the terms of the new contract, it is worth factoring in the cost of a property valuation and the state fee for re-registering the pledge. To buy a car, private individuals usually choose financial leasing, after which the car becomes the client’s property; operating leasing, where the car is returned at the end of the term, is more often used by companies. For borrowers from age 18 with a modest income, a co-borrower (līdzaizņēmējs), who is equally liable for the loan, can help increase the available amount.

Who works at Sefinance?

The Sefinance team consists of former bank employees with an average of 14.5 years in the banking sector. They include heads of corporate lending and credit risk departments, a senior analyst and a sales manager. They have served on banks’ credit committees and assessed clients’ credit projects themselves, so they know well how a credit committee reviews an application and what it pays attention to. According to the company, this experience helps in day-to-day work: the specialists understand what needs to be done in each situation and how to do it better.

How do I apply?

The application can be completed online on the Sefinance website or in person at the company’s office in Riga, Krišjāņa Valdemāra iela 57/59. After receiving the application, a credit specialist contacts the client within 15 minutes.

How is the loan arranged?

The credit specialist selects an offer based on the client’s situation. If the terms are suitable, the contract can be signed at a meeting where the specialist explains its terms, or received by courier – delivery is available throughout Latvia. The money is transferred to the account within 30 minutes of signing the contract.

What is needed to consolidate loans?

Lenders usually need details of all current loans – outstanding balance, monthly payment and lender – plus proof of income. As a rule, the new lender pays off the old debts itself, and the client then makes a single monthly payment. Before signing, compare the total amount repayable under the new loan with the sum of the remaining payments on the old ones.

What documents may be needed?

For a consumer loan, an identity document and income details are usually enough; the lender may ask for a bank account statement. A mortgage also requires property documents and a valuation report, while car leasing requires details of the chosen car.