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SosCredit.lv review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

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Our verdict

SosCredit.lv suits Latvian borrowers who want a personal loan or credit line matched by a broker, with money that can move in 15-30 minutes. Speed comes at a price: rates of 12% to 29.9% plus an arrangement fee of 8% on the sum borrowed leave the total repayable well above the amount lent.

Key facts

Best for
Broker-matched personal loans and credit lines with quick payout for Latvian borrowers.
APR
12% to 29.9%↗
Loan amount
€500 to €25,000↗
Term
3 to 84 months↗
Arrangement fee
0 EUR↗
Funding time
15-30 minutes↗
Representative example
Personal loan 4 200 EUR over 72 months, contract arrangement fee 336 EUR, APR 20.86%, total repayable 7 440,96 EUR, monthly payment 98,68 EUR↗
Lender type
Broker↗
Free early repayment
No↗
Eligibility
Ages 18 to 80, bank account at a Latvian credit institution, mobile phone↗
Origination fee (%)
8%↗
Loan types
Personal, Payday, Debt-consolidation, Credit-line, Secured, Car, Business↗
Use cases
Home-improvement↗
Legal entity
SIA Schaefer↗
Headquarters
Latvia↗
Founded
2017↗
Support channels
Email, Phone, Chat, Help-centre↗
Features
Same-day funding, Credit line
Official website
soscredit.lv

Facts checked September 26, 2026, 2 sources

Apps and profiles

Get the app
Google Play
Elsewhere
google.comfacebook.cominstagram.comtiktok.comyoutube.com

Pros and cons

Pros

  • Loan amounts of €500 to €25,000 run well above the site amount median, which is €526.18.
  • Loan types include personal, payday and debt consolidation, so one provider covers several kinds of borrowing.
  • Support covers email, phone and chat, and the platform has been running since 2017.

Cons

  • Free early repayment is not offered, so settling the balance sooner can carry extra cost.
  • Rates of 12% to 29.9% run rich next to Sofkredit at 10.74% to 18.06%.
  • As a broker, the rate and fee that apply come from whichever lender is matched rather than from a single published rate.
SosCredit.lv

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Scored 8.6 / 10 by SumCue.

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Who it suits

  • Adults holding a bank account at a Latvian credit institution and a mobile phone.
  • Borrowers who want the money the same day, since same day funding and credit line lists same-day funding.
  • People who would rather draw down a credit line as needed than take one lump sum.

Who should look elsewhere

  • Anyone hoping to clear a balance early without a cost, because free early repayment is not offered here.
  • Borrowers after a low rate: Sofkredit, at 10.74% to 18.06%, is the cheaper range to compare with 12% to 29.9%.
  • Applicants after a small sum, since Creduma ES lists from €12,000 and is built for larger loans.

Deposit protection

SosCredit.lv is a broker listed under KS-25, so it is the matching side of the deal rather than a bank holding customer balances. The published representative example is the useful guide here: a personal loan adds a contract arrangement fee, and the total repayable comes out well above the sum borrowed, so the money side to check is that fee and the rate behind it.

How SosCredit.lv compares

Where SosCredit.lv is available

Available
Latvia
Licence in Latvia
Latvijas Banka (KS-25), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What will a loan cost me here?+

SosCredit.lv quotes rates of 12% to 29.9% and adds an arrangement fee of 8% to the sum borrowed, alongside an origination charge of 0 EUR. Its published representative example shows a personal loan where the total repayable comes out well above the amount lent, which is the figure to test any offer against.

Can I repay early without a penalty?+

Free early repayment is not offered here, so settling the balance ahead of schedule is not cost free. Terms run 3 to 84, so anyone planning to finish sooner should read the fee in the contract carefully, or weigh a provider where free early repayment is listed.

Is SosCredit.lv regulated?+

SosCredit.lv lists a Latvijas Banka registration, KS-25, and runs as a broker under the legal entity SIA Schaefer. Because it is a broker, the contract you sign is with the lender it matches you to, so read that contract for the rate, the fee and the term.

How quickly can money arrive?+

Funding time is 15-30 minutes, and same day funding and credit line lists same-day funding, so a decision and payout can happen in the same sitting. That speed is paired with terms of 3 to 84, which sets how long the repayment schedule lasts and how much interest builds up.

Who can apply?+

Applicants need to be adults, hold a bank account at a Latvian credit institution and have a mobile phone. Loan amounts are €500 to €25,000, and loan types include personal, payday and debt consolidation, so small and large borrowing both sit on the same platform.

What kinds of loan are offered?+

Loan types include personal, payday and debt consolidation, so the range covers short payday products alongside longer personal and business borrowing in one place. The stated use case is home improvement, and a credit line is listed in same day funding and credit line for anyone who would rather draw down as needed.

How does this compare with other lenders?+

Sofkredit lists rates of 10.74% to 18.06%, below the 12% to 29.9% range here, and Cashspace quotes PHP 12 to PHP 36 in another currency, so it is not a like-for-like comparison. Creduma ES lists from €12,000, which suits borrowers after a larger single loan.

How do these numbers compare with the wider market?+

The median APR across lenders on the site is 15.5% and the median amount is €526.18, so SosCredit.lv's 12% to 29.9% sits at the dearer end. Terms here run 3 to 84 while the site term median is 36. Across the site the median retail loss is 70.15%.

Sources

  • soscredit.lv/lv checked September 26, 2026

    Backs: Loan amount, APR, Eligibility, Features, Founded, Free early repayment, Funding time, Headquarters, Loan types, Arrangement fee, Origination fee (%), Representative example, Support channels, Term, Use cases, Licences

    “Patēriņa kredīta ... kredīta summa no 500 EUR līdz 25 000 EUR”

  • soscredit.lv/lv/lietosanas-noteikumi checked September 26, 2026

    Backs: Legal entity, Lender type

    “Soscredit.lv ir neatkarīgs kredītu starpnieks (brokeris)”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Credit check.

SosCredit.lv

SosCredit.lv

Broker-matched personal loans and credit lines with quick payout for Latvian borrowers.

8.6/10See alternatives