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What is the debt collection procedure for active loans?

Disclaimer: Different countries have different debt proceedings. Please find most accurate information by switching the language of this article to match the country where your loan was issued.

Debt reminders and payment default

We will remind you about the upcoming payment date via SMS and email. If we don't receive the payment on time, we will keep reminding you of the debt by SMS, email, automated calls, and postal letters. Debt notifications will be issued starting from the first day after the debt has occurred. On the 4th day, the debt notice is also sent to you by postal mail. The letter will be forwarded to the postal address registered in your Bondora account. Debt management service fees are also added according to the legislation of the country where your loan is issued. You can check the price list here.*

If you are still unable to pay off the debt, we will have to publish the payment default in the Estonian Credit Register. You can read more about when your data will be published here.

*The price list link page is for Estonia only. To view the price list for your country, please visit your country's Bondora website, e.g.  

If the debt is not paid in full

If you do not pay the debt even after repeated reminders and three consecutive monthly payments are partially or fully in arrears, Bondora will be forced to cancel the loan agreement and appeal to the court to recover the entire loan. You can read more about the debt collection procedure for canceled loans here.

Please note: If there is more than one monthly payment in arrears and you make a repayment in an amount that is not sufficient to cover the entire debt, the loan payments will be debited according to the terms of your loan agreement and in accordance with § 415 of the Law of Obligations Act (LIA).

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Bondora AS

A.H.Tammsaare tee 47, Tallinn 11316, Estonia
Estonian company number 11483929
EU VAT number: EE101252401

Representative example
A loan of 2,230 over 5 years will cost you € 63.88 per month. Representative 31.74% APR. The total amount payable over 5 years is € 3,962.53, which includes € 1,156.73 interest at 17.85% fixed and a €445.8 account management fee. A €130 contract fee will be collected immediately after loan is paid out. The total charge after 5 years is €1,732.53. The total amount of credit is 2,230. The rate you are offered will depend on your individual circumstances. Please examine the terms and conditions of our financial service and consult an expert if necessary.

Our loan terms
Loan amount from 500€ to 10000€. Repayment period from 3 to 60 months. Annual Percentage Rate (APR) from 31.74% to 61.56%. The rate you are offered will depend on your individual circumstances.