Banknote.lv review

The stated 54.2% applies on a fixed-rate basis, so the instalment does not move during the term. The representative example is a consumer loan repaid in annuity instalments, where the total repayable sits above the amount borrowed, which is worth checking before applying.

Loan amounts run €50 to €10,000 for personal and secured lending, with terms of 12 to 84 available. The lender sets a fixed rate rather than a variable one, so the monthly instalment stays the same for the whole term. Home improvement is the stated use for the money.

Funding is Disbursed immediately after contract, within 10 minutes, and same-day funding is listed among the features. The payout follows signing the contract rather than a separate approval wait, which suits a repair bill or an urgent payment that cannot wait for a longer processing cycle.

The credit check is hard, and eligibility weighs regular income, solvency, credit history and existing obligations. Applicants must be adults of a minimum age, and identity can be confirmed by internet bank, transfer, ID card or eParaksts, with self-employed people also accepted.

Free early repayment is available, so the balance can be settled ahead of schedule with no exit charge. Combined with a fixed rate across terms of 12 to 84, paying down early cuts the total interest and frees a planned monthly budget for other costs sooner.

Banknote.lv is licensed by the Financial Supervision Commission of Latvia, and the licence number is NK-2016-028. The lending entity behind the site is AS "DelfinGroup", based in Latvia, and it lends directly rather than acting as a broker.

The rate type is fixed, so the instalment is set at the start and does not move with market rates across terms of 12 to 84. Variable pricing remains common among the lenders compared here, so a fixed price makes the monthly outgoings easier to plan.

Support runs on phone, email and help centre, so help is available by phone, by email or through the help centre. That covers questions about a contract, an instalment date or closing a loan early, and the Latvian entity behind the brand handles the account directly.