iRaha review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

iRaha lends directly to Estonian adults with a minimum age and no payment difficulties, offering personal and payday loans of €50 to €500. The cost of credit rate is 43.28% and the service fee is 3 EUR. Suits a short bill, not longer borrowing.

Key facts

Best for
Short-term Estonian borrowing for adults who can clear a hard credit check and settle early at no cost.
APR
43.28% (Source, checked September 26, 2026)
Loan amount
€50 to €500 (Source, checked September 26, 2026)
Term
1 to 3 months (Source, checked September 26, 2026)
Arrangement fee
3 EUR (Source, checked September 26, 2026)
Credit check
Hard (Source, checked September 26, 2026)
Funding time
Same day, up to 3 business days (Source, checked September 26, 2026)
Representative example
100 EUR over 30 days: 0% fixed annual interest, 3 EUR service fee, total cost 3 EUR, total repayable 103 EUR, 1 repayment, cost of credit rate 43.28% p.a. (Source, checked September 26, 2026)
Rate type
Fixed (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
18+ Estonian residents with no payment difficulties; individuals only (Source, checked September 26, 2026)
Loan types
Personal, Payday (Source, checked September 26, 2026)
Legal entity
iRaha Estonia OÜ (reg. 16907216) (Source, checked September 26, 2026)
Headquarters
Estonia (Source, checked September 26, 2026)
Support channels
Email, Phone, Help-centre (Source, checked September 26, 2026)
Pricing model
Fixed rate
Features
Same-day funding
Official website
iraha.ee

Pros and cons

Pros

  • Free early repayment means clearing the loan early costs nothing extra
  • Same-day funding is a listed feature, and stated funding time is Same day, up to 3 business days
  • Support runs on email, phone and help centre for borrowers who want a person
  • Fixed-rate lending keeps the repayment figure steady once agreed

Cons

  • A hard credit check means the decision lands on your credit file
  • Terms of 1 to 3 cap the loan at short spans, with no long personal loan
  • A 3 EUR service fee applies on top of the borrowed amount, and the cost of credit rate is 43.28%
iRaha

Ready to try iRaha?

Scored 8.9 / 10 by BorrowCue.

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Who it suits

  • Adults in Estonia with a clear payment history and a minimum age
  • Anyone covering an urgent bill who can repay inside 1 to 3
  • Individuals only, since the lender serves individuals rather than companies

Who should look elsewhere

  • Monzo Flex, where a longer personal loan at 10% to 23% suits borrowing above €50 to €500
  • Cashspace, for readers who want a market other than Estonia
  • Cashspace ES, for readers in other markets, since iRaha lends only in Estonia

How iRaha compares

Where iRaha is available

Available
Estonia
Licence in Estonia
Eesti Finantsinspektsioon (Financial Supervision Authority), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does a loan from iRaha cost?+

The service fee is 3 EUR and the rate is fixed, so the cost of credit rate of 43.28% does not change while the loan runs. The published representative example shows no annual interest, with a single service fee and a single instalment.

How much can I borrow from iRaha?+

Loan amounts run €50 to €500 and cover both the personal and payday product. The published representative example borrows the smaller end of that range and repays it in a single instalment, so the product is built around short sums rather than large purchases.

How long is the loan term?+

Terms run 1 to 3, so this is short-term lending rather than a long personal loan. The representative example clears the whole amount in a single repayment, and the fixed rate means the cost does not drift while the loan is open.

Who can apply?+

Applicants must be adults of a minimum age, live in Estonia, apply as individuals rather than companies, and have no payment difficulties. The hard credit check means the credit file carries weight in the decision, and the lender serves a single national market.

Is the money protected by a regulator?+

iRaha is supervised in Estonia by Eesti Finantsinspektsioon, the Financial Supervision Authority, and the contracting entity is iRaha Estonia OÜ. The lender is a direct lender, so it funds loans from its own balance sheet rather than passing the application on.

How quickly is the money paid out?+

Same-day funding is a listed feature and the stated funding time is Same day, up to 3 business days. With same day funding listed, the money can move on the day of approval when the application is straightforward, which suits a bill that cannot wait for a long payment cycle.

Can I repay early without a charge?+

Free early repayment is stated as a yes, so settling the loan ahead of schedule carries no extra fee. That is useful for anyone who expects their position to improve soon after taking the loan.

How do I reach support?+

Support runs on email, phone and help centre, so help is available by email, by phone and through a help centre. Email and the help centre are both listed, giving written answers as well as spoken ones.

Sources

  • iraha.ee checked September 26, 2026

    Backs: Loan amount, Features, Headquarters, Term

    “Laenusumma 50-500 € - uutele klientidele kuni 250 €, püsiklientidele kuni 500 €”

  • iraha.ee/kasutustingimused checked September 26, 2026

    Backs: Credit check, Legal entity, Lender type, Support channels

    “iRaha hindab kliendi krediidivõimelisust kliendi esitatud andmete ning avalikest andmebaasidest saadud teabe alusel; laenutaotlus võidakse tagasi lükata avalikust andmebaasist saadud teabe alusel”

  • iraha.ee/kkk checked September 26, 2026

    Backs: Eligibility, Free early repayment, Funding time, Loan types

    “Väikelaenu saavad taotleda vähemalt 18-aastased Eesti elanikud, kellel puuduvad maksehäired ... Praegu on meie laenud mõeldud ainult eraisikutele”

  • iraha.ee/taotle-laenu checked September 26, 2026

    Backs: APR, Pricing model, Arrangement fee, Rate type, Representative example

    “Krediidi kulukuse määr on 43,28% aastas (100 € krediidi kasutamisel 30 päevaks)”

  • fi.ee checked September 26, 2026

    Backs: Licences

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

iRaha

iRaha

Short-term Estonian borrowing for adults who can clear a hard credit check and settle early at no cost.

8.9/10See alternatives

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