What is the Partner Monthly Card installment and hire-purchase arrangement?
With an installment plan* ** or hire-purchase agreement*** , you can spread the cost of repairs and spare parts at Viking Motors over a longer period.
When purchasing with an installment plan, you pay for your purchases in 3 or 6 equal parts without any additional fees. With a hire-purchase agreement, the total amount can be spread over a period of up to 36 months. You may apply for an installment plan or hire-purchase agreement if you are a citizen of the Republic of Estonia or a foreign national holding a valid residence permit, aged between 18 and 74, and possess a valid Partner Card.
Partner Monthly Card installment payment
With the Partner Monthly Card installment payment, you can pay for repairs, and spare parts at Viking Motors.
Combine all your purchases at Viking Motors (minimum purchase amount is 50€, maximum 3000€) and choose to pay in 3 or 6 equal monthly installments without any additional fees. You can complete the service arrangement within a few minutes on your smartphone when initiating payment for the work and informing the service advisor of your intention to pay in installments.
Partner Monthly Card hire-purchase agreement
With the Partner Monthly Card hire-purchase agreement, you can spread payments for larger purchases at Viking Motors over a period of up to 36 months.
As with the installment plan, you can complete the service arrangement immediately on your smartphone once you have informed the service advisor of your intention. The Partner Monthly Card hire-purchase agreement can be arranged for settling invoices ranging from 100€ to 5000€.
Compare Partner Card services
| Instalment payment | Hire purchase | |
|---|---|---|
| Credit amount | 50–3000 € | 100–5000 € |
| Repayment period | 3 or 6 months | 7 to 36 months |
| Payment for goods | At Viking Motors dealerships, in Kaubamaja Tallinn and Tartu, and in the Kaubamaja online store | At Viking Motors dealerships, in Kaubamaja Tallinn and Tartu, and in the Kaubamaja online store |
| Invoice | Once a month | Once a month |
| Interest | 0% | 14,90% |
| Down payment | 0 € | 0 € |
| Contract fee | 0 € | 5 € |
| Monthly contract management fee | 0 € | 0 € |
| Early repayment | Free | Free |
| Read more: | INSTALMENT PAYMENT | HIRE PURCHASE |
How to pay by installment or hire-purchase in-store?
- Choose a suitable product and inform the customer service representative at the checkout that you wish to purchase it using an installment payment or hire-purchase agreement.
- Log in to the Partner Card self-service portal on your smart device at www.partnerkaart.ee.
- Start your installment or hire-purchase application by clicking the notification at the top of the page.
- Select a suitable installment plan (3 or 6 months) or hire-purchase period (7 to 36 months) and review the terms and conditions.
- Sign the agreement on your smart device using Mobile-ID or Smart-ID.
- Return to the same checkout, present your Partner Card to the customer service representative, and inform them that you have signed the agreement.
How to pay in installments?
After signing the installment agreement, we will send an invoice to your email on the 1st day of the following month with a 10-day payment deadline. The invoice will also be available in the Partner Card self-service portal.
Pay the monthly installments to the bank account of TKM Finants AS:
Swedbank AS IBAN: EE882200221072549035
SEB Pank AS IBAN: EE371010220282432224
AS LHV Pank IBAN: EE517700771004142989
Enter TKM Finants AS as the recipient and don’t forget to include the agreement reference number in the reference field.
To enable automatic payments, sign an e-invoice standing order agreement in the online banking system of the bank from which you wish to make the payments. Sending the invoice to the bank does not guarantee its automatic payment from the account. To do so, sign a standing order agreement with your bank and adjust the e-invoice settings accordingly in the Partner Card self-service portal.
* Viking Motors Tammsaare and Viking Motors Peetri
**Partner Monthly Card financial services are provided by TKM Finants AS, a subsidiary of TKM Group (registry code 16015720, address Kaubamaja 1, Tallinn 10143), which holds a credit provider license issued by the Financial Supervision Authority (license no. 4.1-1/161). Please review the terms and conditions and consult our specialists if needed.
***The annual percentage rate (APR) of the hire-purchase credit is 33.7% under the following sample conditions: the cash price of the item (net price) is €150, the credit amount is €150, down payment is €0, the contract period is 24 months, the fixed annual interest rate is 14.9% calculated on the purchase amount, the contract fee is €5, and the monthly administration fee is €0. The monthly installment is €8.11, and the total amount of credit and repayments is €200.26.