Car loan

Have A Great ride with Your New Car!

Car loan is an incredibly convenient and fast solution if you are looking for a used car or motorcycle.

  • No down payment required.
  • Casco Insurance is not mandatory.
  • Money is transferred to the account immediately after the conclusion of the contract.
Apply

Find yourself a suitable monthly payment

Car price
Period

The calculation is approximate and may differ from the terms and conditions offered to you. The interest rate depends on the client’s profile and the chosen vehicle.

Examples of the annual percentage rate
Monthly payment
0
Agreement fee
0

Car loan is a convenient solution, if you are looking for a used car, motorcycle or any other type of land vehicle.

  • Car evaluation is not required.
  • Casco insurance is optional.
  • Possibility of early loan repayment without any additional fees.
  1. Fill in the application in the internet bank.
  2. We will inform you about the decision by phone, by e-mail or a text message.
  3. Sign the contract in the internet bank. Money will be transferred to your current account within a matter of minutes.
  4. Congratulations! You will soon be the owner of a new car. Register the car in your name in 30 days.

Note! Do not forget to get yourself a Traffic Insurance. See more

  • Loan amount from €3,000 to €20,000.
  • Loan period from 6 months to 7 years.
  • Interest rate start from 7,9%, depending on the loan amount and your credit history.
  • Contract fee 1.5% of the loan amount; minimum €100.
  • Net monthly income at least €600, with a co-borrower at least €950.

Note! The vehicle must be registered in the name of the borrower at the Traffic Register Bureau of the Estonian Road Administration within 30 days, otherwise a Small Loan interest rate 19% will be applied to your loan.

 

Effective as of 18.03.2020
1. Housing loan and Home equity loan
agreement fee 1% of the loan amount, no less than 190 €
KredEx collateral fee 3 % of the surety amount
amendment of the agreement 190 €
loan principal repayment holiday free of charge
amendment of the payment date (in branch or in Internet Bank) free of charge
amendment of the servicing account (in branch or in Internet Bank) free of charge
lowering the interest rate, formalisation of an additional sum 1% of the loan amount, no less than 190 €
early repayment fee (including partial repayment)
in branch In the event of early repayment of a fixed-interest euro loan in the course of the period of fixation of the loan interest rate, an early repayment fee is charged as a difference between the contractual fixed interest rate of the euro and the fixed interest rate of the euro in the period from the early repayment until the end of the interest rate fixation. The early repayment fee is calculated on the respective period as from the date of early repayment until the contractual date of expiry of the fixation. the amount of 3 months' interest (not applied in case of 3 months' advance notice)
in Internet Bank In the event of early repayment of a fixed-interest euro loan in the course of the period of fixation of the loan interest rate, an early repayment fee is charged as a difference between the contractual fixed interest rate of the euro and the fixed interest rate of the euro in the period from the early repayment until the end of the interest rate fixation. The early repayment fee is calculated on the respective period as from the date of early repayment until the contractual date of expiry of the fixation. the amount of 1 month interest
fee for processing arrears 3,20 €
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
2. Student loan
first application (in the 2020/2021 academic year) free of charge
first application via the Internet Bank free of charge
refinancing 7 €
amendment of the repayment schedule (frequency of repayment and amendment of the due date of the schedule) 7 €
preparation of a special schedule 16 €
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
default interest after the due date of the loan (i.e. after termination of the agreement by the bank) annual interest rate under the agreement
compensation for prepayment of the loan amount or a part thereof If the collateral is property, the amount of the compensation may not be bigger than the amount the borrower would have paid as interest in the period between the prepayment date and the loan maturity date.
Applies to the agreements concluded since 01.07.2011.
1% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date is longer than one year
compensation for prepayment of the loan amount or a part thereof If the collateral is property, the amount of the compensation may not be bigger than the amount the borrower would have paid as interest in the period between the prepayment date and the loan maturity date.
Applies to the agreements concluded since 01.07.2011.
0.5% of the prepaid loan amount or the part thereof if the period between the prepayment date and the loan maturity date does not exceed one year
3. Credit line
annual interest rate 13%-22%
agreement fee in a branch 1,5% of the credit limit, no less than 45 €
agreement fee in Internet Bank (i.e. there is an offer) 1,5% of the credit limit, no less than 35 €
commitment fee 1,2% of the unused credit limit (annual rate)
automatic credit limit extension fee free of charge
increasing the credit limit 1% of the additional credit limit, no less than 35 €
credit limit reduction fee free of charge
amendment of the payment date free of charge
amendment of the servicing account free of charge
early termination of the agreement free of charge
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
default interest after the end term of the agreement (i.e. after termination of the agreement by the bank) annual interest rate under the agreement
4. Small loan
annual interest rate 12,90-22,90%
agreement fee in a branch 1,5% of the loan amount, no less than 50 €
agreement fee in Internet Bank and Mobile Bank (i.e loan agreement concluded based on an offer) 1,5% of the loan amount, no less than 35 €
formalisation of an additional amount in a branch 1,5% of the additional amount, no less than 50 €
formalisation of an additional amount in Internet Bank 1,5% of the additional amount, no less than 35 €
amendment of the agreement 25 €
amendment of the payment date free of charge
amendment of the servicing account free of charge
re-registration of loan products into a small loan 1,5% of the loan amount, no less than 35 €
repayment of the loan (including partial repayment) free of charge
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
default interest after the due date of the loan (i.e. after termination of the agreement by the bank) annual interest rate under the agreement
5. Car loan
annual interest rate 7,90-16,90%
agreement fee 1,5% of the loan amount, no less than 100 €
amendment of the interest rate 50 €
other fees according to point 4
6. Home small loan
annual interest rate 7,90-14,90%
agreement fee 1% of the loan amount, no less than 100 €
formalisation of an additional amount 1% of the additional amount, no less than 100 €
amendment of the interest rate 50 €
other fees according to point 4

Changes to The Loan Contract

With the self-service feature, you can:

  • change the payment date;
  • change the payment account;
  • make early partial repayments;
  • request a grace period.

Suitable for buying a new or a more expensive car.

  • Casco insurance will cover the damage caused to you.
  • Free roadside assistance.