Consumer loan

This loan is designed for personal needs, typically for larger purchases or significant life events. No collateral is required, and the loan decision depends on the client’s stable income and credit history. When considering where to get a consumer loan, prioritize responsible lenders, such as commercial banks, credit unions, or peer-to-peer lending platforms.

A consumer loan can be used for a variety of personal purposes, such as weddings, car or home renovations, purchasing furniture or appliances, medical expenses, and more. The funds are transferred directly to the borrower, giving them the freedom to use the money as they see fit.

We review the key differences between a consumer loan and leasing (this comparison will help you decide which option suits you best):

• A consumer loan can be spent at your discretion, whereas leasing funds are dedicated to a specific product or service.

• A consumer loan is paid directly to the borrower, while lease payments go to the product or service provider.

• Ownership with a loan transfers immediately to the buyer, whereas with leasing, it remains with the leasing company until full payment is made.

• Consumer loans are usually issued without a down payment, while leasing often requires one.

• Interest rates on consumer loans are generally higher than leasing, since the loan is unsecured, unlike leasing, which is secured by the acquired item.

What are the similarities between consumer loans and leasing?

In both cases, you don’t have to wait until the product or service is fully paid for – you can use it immediately and pay later. Both options allow purchases from companies or individuals, and collateral is not required.

APR (Annual Percentage Rate) is the total cost of a consumer loan, expressed as a percentage per year. It shows the true cost of the loan, including not only interest but also all additional fees.

The minimum consumer loan available is €300, and the maximum is €35,000.

The minimum consumer loan repayment term is 3 months, and the maximum is 120 months.

SAVY consumer loan interest rates start from 6%. We provide personalized offers based on the client’s financial situation and credit history.

When granting a loan, we apply a contract arrangement fee at the time of signing and a monthly arrangement fee calculated on the outstanding loan balance. The fees depend on the client’s credit rating and the loan amount. You can find more details about the applicable fees here.

Consumer loans accrue interest, so the total amount to be repaid will be higher than the borrowed sum. Our lowest interest rates start from 6%.

If you want a cheaper loan, special promotions may apply. Follow our offers for updates. Clients with a discount code can enter it when filling out the application to receive a lower-cost offer.

Yes, we sometimes offer discounts on consumer loans. We recommend subscribing to our newsletter to be the first to know about special offers and not miss the best deals.

No, you don’t need to provide proof of how the loan will be used, as a consumer loan is granted for personal use and can be used according to your needs.

Yes, you can take a consumer loan either individually or with a co-borrower. When borrowing with a co-borrower, their information must also be provided in the application. Both borrowers must give consent for data verification. In this case, the personal and financial information of both borrowers is evaluated. Loans taken with a co-borrower are often larger, for example, €20,000, €25,000, or more.

We usually provide a decision on your loan application within 1 hour. Sometimes it may take longer due to the submission and evaluation of required documents.

We usually disburse the loan within 1 business day — applications are evaluated quickly, and funds are typically collected automatically according to investor criteria. For larger amounts or longer-term loans, funding may take longer. In such cases, you can always contact us by phone or email for more precise information about the expected disbursement time.

To qualify for a loan, you need to have been employed at your current job for at least 4 months. However, there are other favorable conditions:

• If you have been at your current job for less than 4 months but worked at your previous job for at least 1 year and changed jobs within 14 calendar days, you can still apply.

• If you have been at your current job for less than 4 months and at your previous job for at least 4 months (but less than a year), you can also apply, provided there was no gap between jobs and your probation period has ended or did not apply.

You can get a loan even if you’re not employed, as long as you have a steady source of official income, such as rental income from a long-term lease, a retirement pension, or a disability allowance.

It is possible to get a consumer loan while working abroad if your employer is a company with Lithuanian capital.

Yes. If you are self-employed, you can get a loan. To qualify, your self-employment must have been active for at least 6 months.

For loan consideration, you need to provide the following documents:

• Certificate of self-employment

• Annual income declaration

• Bank statement or income–expense ledger (if income is received in cash)

• Issued invoices or cash receipt slips (if income is received in cash)

If you have outstanding debts to financial institutions, you cannot get a consumer loan until they are settled. If you have small debts to telecommunications companies or other businesses, a loan may be granted depending on your credit history, provided that the debt will be repaid.

If you want to repay your loan early, contact us by phone at

You can make your loan payments in several ways:

• Through the SAVY self-service portal.

• By bank transfer.

• By initiating a payment via the link in the email sent with your invoice. An invoice with the amount due is sent by email at the beginning of each month.

• At Perlo terminals.

Bank transfer details:

• Recipient: UAB Bendras finansavimas

• Recipient code: 303259527

• Account number: LT153500010002003880

• Payment reference: borrower’s personal code (mandatory)

Paysera account payment details:

• Recipient: UAB Bendras finansavimas

• Account number: EVP4410002003880

• Payment reference: borrower’s personal code (mandatory)

Important: These details cannot be used for identification purposes.

If you want to repay your loan early, contact us by phone at +370 (5) 272 0151 or by email

or by email at  labas@savy.lt.

Yes, you can repay your loan early. To do so, contact us by email at labas@savy.lt or by phone at +370 (5) 272 0151. We will create a request in the SAVY self-service portal for you to fill out, specifying the planned early repayment date so we can calculate the exact amount to be repaid.

A fee may apply for early loan repayment:

• If the amount being repaid is over €2,320 and the remaining term until the contract end is longer than one year, a 1% fee is applied to the repaid portion.

• If the amount being repaid is over €2,320 but the remaining term is less than one year, a 0.5% fee is applied.

• If the amount being repaid is less than €2,320, no fee is applied.

Yes, partial loan repayments are allowed. To make a partial repayment, you need to contact us by email at labas@savy.lt or by phone at +370 (5) 272 0151 and submit a request in the SAVY self-service portal. This service is free of charge.

If you are late with your loan payments, late fees start to accrue at 0.05% for each overdue day on the unpaid amount. If a payment is overdue for 40 days, the debt is transferred to SAVY’s pre-litigation debt collection department. More information can be found in the detailed debt recovery procedure.

Yes. If you experience financial difficulties, you can postpone part of your loan repayment, but interest will still accrue during the postponement period. If you face financial challenges, contact us by email at labas@savy.lt or by phone at +370 (5) 272 0151.

Yes, this option is available. After signing a loan agreement, the terms are not changed, but if your financial capacity allows, we can provide an additional amount. This is done by creating a new loan agreement under new terms, covering both the outstanding and the newly borrowed amount.

Another option is to sign a separate new loan agreement for the new amount, allowing you to have multiple SAVY loans at the same time.

Yes, you can have multiple loans if your financial situation allows.