FAQ
Car leasing is an arrangement under which MC Finance, upon the client’s instruction, purchases a vehicle and provides it to the client for use for a specified period.
The client makes monthly leasing payments in accordance with the payment schedule, and upon full repayment of the leasing amount, the vehicle becomes the client’s property.
An informational leasing calculator is also available on our website.
Any resident of the Republic of Latvia who has reached the age of 18.
– Stable, verifiable, and regular income in Latvia and/or abroad.
– A vehicle registered in the CSDD register of the Republic of Latvia with a valid technical inspection.
Within 1 hour during business hours after submitting your application with all required documents.
– Identity document (passport or ID card)
– Document confirming financial stability, such as a certificate from the State Revenue Service (VID) outlining income for the last 6 months (income tax certificate, and in some cases a bank account statement, copy of an employment contract, etc.)
– Application form (can be completed electronically on our website: mcfinance.lv)
The purchased vehicle serves as additional security for the transaction; however, in some cases MC Finance may require a guarantee.
Car leasing is paid monthly in accordance with the payment schedule specified in the contract.
Annual percentage rate is the total loan repayment expressed in annual percent of the total loan amount assigned.
Individuals who wish to renovate or repair their apartment or house, purchase real estate, or obtain funds for personal use.
Up to 70% of the market value amount of the financed real estate.
– Stable, documented and foreseeable income in Latvia (and / or abroad)
– Real estate registered in the Land Register.
Within 1 business day after submitting your loan application with all required documents.
– Client’s passport or ID card
– Loan application (can also be completed electronically using the online application form available at mcfinance.lv)
– Income statement from the State Social Insurance Agency (VSAA) for the last 6 months, or other documents confirming the source of income (income statement from the State Revenue Service (VID), and in some cases a bank account statement, copy of an employment contract, etc.).
– Certified real estate valuation (professional appraisal) of the market value of the property to be financed
– If the requested loan is for renovation and/or construction — an estimate of works, construction permit, and design documentation are required.
