Inbank hire purchase

Would you like to pay for a larger purchase in smaller monthly instalments? At Hoolime.ee you can use Inbank hire purchase and spread the cost over a period that suits you.

You apply online: in checkout, choose Inbank hire purchase as the payment method, fill in the application and, if it is approved, sign the contract digitally. The financing is provided by Inbank Finance AS, and the payment solution is integrated into Hoolime.ee through Montonio.

Main terms

Purchase amount
€100 – €5,000
Period
3–72 months
Down payment
€0
Interest rate
11.9%
Contract fee
€0
Administration fee
0.3% per month
First payment
one month later

You choose the period and the payment date that suit you. The application and the contract are completed online, and Inbank then sends you a monthly e-invoice. You can pay for several products in your cart at once with hire purchase.

How to buy with hire purchase

  1. Add the products you want to your cart.
  2. Go to checkout.
  3. Choose Inbank hire purchase as the payment method.
  4. You are taken to Inbank's website to fill in the hire purchase application.
  5. Choose a period and review your personal offer.
  6. If your application is approved, sign the contract.
  7. Once the contract is signed, your Hoolime.ee order is confirmed.

Montonio takes you to Inbank's website to apply, and after the contract is signed brings you back to the Hoolime.ee order confirmation page.

Cost example

Please note: this is a financial service.

The annual percentage rate of charge for Inbank hire purchase is 31.64% under the following example terms:

  • amount €490
  • period 12 months
  • interest rate 11.9%
  • down payment €0
  • administration fee 0.3% per month
  • monthly instalment €47.23
  • total cost of credit €566.80

The financial service is provided by Inbank Finance AS. Before signing a contract, read the terms of the financial service and assess carefully whether you can afford the payments.

Good to know

Hire purchase is consumer credit. When you apply, Inbank assesses your creditworthiness, and the final decision on whether to grant hire purchase is Inbank’s. Before you sign, the contract shows your exact payments, the total cost and the annual percentage rate of charge.

You may repay the credit early, in part or in full. In that case you generally do not pay the interest and other costs for the unused credit period; under the contract and its price list, Inbank may be entitled to an early repayment fee.

Under Inbank’s terms, you may withdraw from a hire purchase contract concluded in an online shop within 14 calendar days of receiving the goods, without giving a reason. Returning the goods is also subject to Hoolime.ee’s return terms and the law.

Financial service provider

Inbank Finance AS
Registry code 16197915
Niine tn 11, 10414 Tallinn

Official documents

The documents open on Inbank’s and Montonio’s websites, which always have the current version. Inbank’s documents are in Estonian.

To apply, choose Inbank hire purchase as the payment method in checkout.