Eligibility requirements for the SEB Consumer Loan
☑️ Be at least 18 years old.
☑️ Have a stable source of income.
☑️ Reside in Latvia or meet the bank’s residency criteria.
Required documents:
📄 Valid ID (passport or national ID).
📄 Recent proof of income (such as a salary statement or tax return).
📄 Completed loan application form.
Approval depends on meeting these criteria, and the bank may request additional documents as necessary.
How to apply for the SEB Consumer Loan
Applying for the SEB Consumer Loan is straightforward and designed to save you time. Start by visiting SEB’s official website or your nearest branch. Fill out the application form, specifying the loan amount and repayment period that suits your needs.
After submission, the bank will review your financial information to determine eligibility. If approved, you can sign the agreement digitally or in person, and the funds will be quickly transferred to your account. If your application is denied, you can reapply after addressing the reasons for rejection or waiting for an appropriate period.
Make your payments on time!
Repaying your SEB Consumer Loan is simple and flexible. Payments can be made through automatic deductions, bank transfers, or manual payments via SEB’s online banking system.
Choose a repayment date that aligns with your income schedule to ensure timely payments and avoid penalties.
Fees and costs
The SEB Consumer Loan features a competitive fixed interest rate starting at 7.9%, providing predictability throughout the repayment period.
Additional costs may include a processing fee and an annual percentage rate (APR), which combines all related expenses into a single figure. Late payments may result in penalties, so it’s essential to budget accordingly.
A tip for your pocket
Make the most of the SEB Consumer Loan by setting clear priorities for your spending. If you’re using the loan for energy-efficient upgrades, research additional incentives or grants to further reduce your costs.
Consider early repayments if your financial situation allows—it can significantly cut down the interest you’ll pay over time.
Take the first step
The SEB Consumer Loan is here to help you take control of your finances. Click below to explore your options and start your application today!