E-Money offers individuals a fast-track short-term loan (cash loan) and credit line. The loan amount can range from USD 50 to 5000 and is repayable within 3 to 36 months. To apply for a loan, you need a mobile phone, e-mail address and an account with any bank in Latvia.

Renewal Policy Information

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Extending the loan repayment term is not possible for the borrower. E-Money offers to borrow a loan with a longer repayment term, repaying the loan earlier, you only have to pay the loan interest for the used term. In the event of default or improper performance by the borrower, the lender shall be entitled to assign the right to recover late payments to third parties.

If the Borrower defaults on the repayment terms specified in the repayment schedule by more than 15 (fifteen) days, the Lender shall be entitled to unilaterally cancel the Agreement and immediately demand repayment of the loan, penalty, commission, interest, as well as any losses incurred by the Lender.

Information on penalties

In the event of default, the debt recovery process may be initiated, the right of claim transferred to third parties, adversely affecting the Borrower’s credit history and possibly the credit rating, which may result in the service provider being refused. In the case of late payments, a penalty of 0.9% of the total amount of late payments for each day of delay shall be calculated.

GPL example: Borrowing 500 $ for 36 months, annual interest rate 59.33%, monthly payment 30 $, annual interest rate 79.88%, the total repayment amount is 1080 $.

E-Money complaints

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To help you make the best choice, choose the lender company that works best for you, we’ve created a section on lender reviews. Write a review You. To apply for a loan, you need a mobile phone, e-mail address and an account with any bank in Latvia.