Loan consolidation and refinancing is a great solution that combines several existing loans and credits into one, new loan with one monthly payment. This way you only have one payment date, one service fee and one interest payment to cover. This will simplify your monthly loan payments and may offer lower interest rates or more favorable terms, thus reducing overall costs.

Credit Consolidation is available for one or more loans with a total amount of up to €10,000 and a repayment term of up to 72 months. You can easily apply for credit consolidation remotely. No collateral or guarantor is required for refinancing. The answer to the application is given within one working day. The contract can be signed remotely in a convenient way - using Smart ID or an electronic signature.

The interest rate for Credit consolidation depend on the total loan amount, the chosen term and your credit profile. To find out the Inbank offer, please fill out the application, it will only take a few minutes. Our loan specialists will contact you to determine the best possible rate based on your individual situation.

Credit consolidation can be used by anyone who has several loans, however, the basic conditions for receiving a loan must be met. All Latvian citizens or residence permit holders who are at least 21 years old, having regular monthly income and a permanent job can apply for Inbank loans. You cannot have delayed payments or outstanding debt liabilities. You must have an open current account in one of the Latvian banks, a valid identity document issued in the Republic of Latvia, and a valid mobile phone number and e-mail address.

The total loan amount for loan consolidation and refinancing can be up to €10,000. However, each customer's situation is viewed individually, the amount of the loan granted depends on several factors, such as your creditworthiness, current income, ability to repay the loan and other existing credit obligations. During the application process, you can specify the amount you wish to consolidate, and we'll do our best to tailor the loan to your requirements.

We offer flexible repayment terms ranging from 6 months to 7 years. We will be happy to help you determine the most suitable repayment schedule that will best match your financial capabilities. To find out the Inbank offer, please fill out the application.

You can apply for loan consolidation online by entering the total amount of the loan that you want to consolidate or refinance in the calculator. Next, in the application, indicate the existing liabilities and credit balances. We'll ask for some personal and financial information to assess your eligibility.

To apply for loan refinancing, you need to submit a bank account statement for the last 6 months. This can be easily done using secure-integrated form in the application, where you give your consent to the submission of the account statement. Or you can also add it as a attachment in pdf format including all incoming and outgoing payments during application process.

If you are a resident of Latvia employed abroad, you must submit an account statement for the last 12 months (if the salary was received in a foreign account) and/ or submit a statement from the tax administration regarding the payment of state taxes for the last taxation year.

The loan amount will be transferred to the financial institutions that issued the loan. In certain cases, money can be transferred to your account. If any other documents are needed, the credit specialist will inform you.

The money will be transferred to the indicated financial institutions that issued the loan within one working day and Inbank will completely take over the financing process.

You will receive the payment schedule with your contract. We will send you friendly reminder before each payment. You can always check your loan balance by logging into your Inbank customer profile.

Full early repayment of loan is free of charge. Email shall be sent to info@inbank.lv, indicating your personal data, agreement number and the date, on which full loan repayment is planned.

If you have lost your job or will not be able to fulfil your liabilities due to any other reasons – immediately contact our Customer Support to agree on the most suitable solution. Each situation is assessed individually. For us to assess your situation, an email shall be sent to info@inbank.lv, indicating your personal data, agreement number and the reasons for not being able to make payments in a timely manner.