Private loans
A private loan is a deal between two people with no bank in the middle. The parties set the terms themselves — hence both the flexibility and the responsibility that no one takes on for you.
Who deals with whom
In a private loan there is no “service provider” — there are two sides with opposite interests. The borrower cares about availability and price; the lender about the probability of getting the money back. Everything else follows: the more the borrower can prove, the cheaper it is to borrow.
How the classifieds portal works
A key point: we are not a lender and not an intermediary. The portal publishes listings — like any classifieds portal. We do not assess solvency, do not guarantee deals and take no commission on the amount lent.
What terms are realistic
- Amount — €200–5,000 without collateral; with collateral the ceiling rises to tens of thousands.
- Term — 3–24 months; longer terms almost always involve collateral.
- Rate — 10–30% a year. Lower is common between acquaintances, higher where the risk is obvious.
- Speed — from a few hours to a couple of days, because a person makes the decision.
Who the board is for — and who it is not
A private loan is not a solution for everyone. Below are generalized typical situations (not real individuals), so it's clear when a classifieds board can help and when it's better to avoid it.
Who may find it useful
- A small, urgent amount (bills, medical, repairs, a car) where speed and a flexible arrangement matter, and the bank refused or is too slow.
- No spotless credit history, but the person can justify repayment and is ready to sign a written agreement.
- A private lender ready to lend at interest, aware of the non-repayment risk and putting everything in writing.
Who it is NOT for (and when to hold off)
- If you take a new loan to cover an old one — that's an over-indebtedness spiral. Go to a debt adviser or VVTAT first, not for another loan.
- If you're not sure you can repay on time — borrow only what you can truly handle. A loan doesn't make you richer; it defers the cost with interest.
- If you're looking for a "guaranteed loan for everyone, no checks" — there are no such promises here; any payment ("insurance", "fee") BEFORE you receive the money is a sign of fraud.
- Large amounts against real-estate collateral or a mortgage — that's the domain of banks and licensed lenders, not a private board.
How the board helps: it shows both sides' listings and lets you get in touch directly (publicly or by email), but it does not hand out money, assess solvency or guarantee the deal — the decision and the risk stay with you.
Safety basics that never change
First: nothing is paid before the money is received — no “commission”, no “insurance”, no “notary deposit”. This sign alone is enough to indicate fraud. Second: the bank-account holder's name must match your counterpart's name. Third: money is handed over only by transfer with a reference to the agreement number and date.
Legal basis
The deal is governed by Articles 6.870–6.875 of the Civil Code. A written form is not mandatory, but without it proving the loan in a dispute is practically impossible. Interest is the lender's taxable income (GPM 15%), and systematic lending for profit qualifies as business activity requiring a licence. Wider context — on the page legal basis. An agreement template — here.
This page is informational and not legal advice. Financial-market supervision: Bank of Lithuania.
Frequently asked questions
Does the portal check listings?
We remove obviously fraudulent listings but do not assess the parties' solvency. Verification stays with the parties.
Is there a fee to post a listing?
Borrowers: the first 5 listings are free, then €3. The fee is only for posting, never on the amount: pricing.
Can I borrow without an agreement?
Legally yes, practically no. Without a written agreement there is nothing to present to a court in a dispute.
What rate is normal?
The market level is 10–30% a year. A much higher rate increases the risk of the deal being challenged as unfair.
Can the lender ask for collateral?
Yes. Collateral must be put in writing and registered accordingly — otherwise it does not work against third parties.
What if the borrower does not repay?
First a written reminder with a deadline, then a claim in court. The agreement and the payment order are the key evidence.