Working abroad is not an obstacle to obtaining credit in Latvia. Various types of credit have traditionally been available to individuals, ranging from short-term loans to car and home loans. If you are currently outside of Latvia and need credits for those working abroad, please note that it is easiest to get up to 1,000 euros for quick loans. Important – To receive a loan you need an account with a Latvian bank and a mobile phone.
Money transfer speed depends on which bank you have an open account with. Get the fastest way with your Swedbank account. Evaluate your needs and opportunities to repay the loan. Borrow responsibly.
Those who meet the requirements set out in the introduction are not included in the debtors’ registers or have prevented the offense from paying the debt (paying off debts). You can search for the most suitable loan also Tom Ripley front page or the corresponding section of the top of the page.
It is not possible to get a loan without an account with the Bank of Latvia because the money is not transferred abroad. Creditors fear that transferring money to any foreign country banks will not get it back. Their concerns are justified because debt collection from non-residents is more difficult, but not impossible. Within the EU, there are many different cooperation agreements that allow debtors to turn to their counterparts abroad. That means you can’t expect to borrow money and never pay it again. The repayment of financial loans is not time-barred, so money will have to be returned early or late with interest. We can conclude that credit to residents of Latvia, working in Germany, England, Ireland, Norway, Sweden, Finland or any other country may be available under certain conditions, but not always.
Money transfers within a single bank take only a few minutes, while transfers between several banks may take longer. The situation will change quite soon, because with the introduction of flash payments, non-cash payments will not take more than a few seconds. Currently, most creditors offer to transfer money within 5 – 15 minutes after the application is approved (during business hours). Applying for credit while working abroad can be done at any time of the day, but not enough money is paid and money is not transferred outside working hours.
The first time you can borrow from 50 to 1000 euros, but each client has individual conditions. Loans free of charge and interest for 30 days are only available to new customers, ie borrowed for the first time in a particular company. In most cases, no more than 300 or 500 euros can be borrowed without commission, but there are also larger interest-free loans.
No, most lenders do not require customers where they work but require a monthly income statement. In situations where there are doubts about the customer’s solvency, the creditor may ask for a bank account statement to be sent for the last six months or longer. If a loan over EUR 427 is chosen, creditors are required to assess the borrower’s solvency. Data validation is performed using databases of SSIA and SRS.
Theoretically, the solvency check for loans up to EUR 427 is optional. Each case is individual and, taking into account the client’s risk profile, credit experts may decide to assess solvency for customers who borrow less. If you work abroad, the assessment is likely to be tougher. Having a loan without a job and any other permanent income has a real risk of getting into trouble and later literally overpaying for financial resources. For this reason, it is desirable for the unemployed to tighten their belts and look for other sources of livelihood rather than focusing on loans for those working abroad.
If you’re not sure which lender is more appropriate, review the reviews . Before you borrow, carefully evaluate your needs and opportunities to repay. Borrow responsibly.