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Car loan

Examples of the annual percentage rate

Car loan

The annual percentage rate is 11,23% on the following (example) conditions:

  • loan of €7 500;
  • fixed interest rate of 9,9%;
  • contract fee of €112,5;
  • repayment period of 5 years;
  • number of repayments 60;
  • the sum of repayments €9 577,01;
  • the total cost of the credit €2 189,51;
  • the total sum of the credit €9 689,51.

The rate is calculated on the assumption that the amount of credit is being issued immediately and in full.
Upon taking a loan, a motor third party liability insurance contract must be entered into.

Agreement fee 0 €!

Want a new and more economical car?

Campaign! The agreement fee €0*

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.
  • No monthly service fees.
  • Option for early repayment of loan without any additional fees.
Apply

*The agreement fee offer is valid for applications that are submitted between 23.03.–31.05.2023.
The offer does not extend to refinancing of the Leasing.

Fill in an application in 2 min Get personalized offer Sign the agreement via internet bank

Monthly payment:

  • 0
  • 0
  • 0
  • 0
  • 0
  • 0
  • 0 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 €1000.

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

 

Effective as of 01.02.2023
Housing loan and Home equity loan
Agreement fee 1% of the loan amount, no less than 190 €
(no less than 400 € when financing construction)
KredEx collateral fee 3 % of the surety amount
Amendment of the agreement 190 €
excl. loan principal repayment holiday 95 €
excl. amendment of the payment date (in branch or in Internet Bank) free of charge
excl. 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 a branch

Euro interest loans concluded before 2022
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.

Euro interest loans concluded since July 2022
The early repayment fee is 1% of the loan amount to be repaid if the period between the early repayment and the fixation period repayment date is longer than one year and 0.5% if the period does not exceed one year. More detailed conditions for determining the fee are provided in the loan agreement.

the amount of 3 months' interest (not applied in case of 3 months' advance notice)
in digital channels (not fixed interest rate loans) the amount of 1 month interest
Fee for processing arrears 3,20 €
Penalty ECB interest rate + 8% a year (currently 0.029% a day, 10.50% 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.
Student loan
First application 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) free of charge
Preparation of a special schedule 16 €
Penalty ECB interest rate + 8% a year (currently 0.029% a day, 10.50% 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
Early repayment fee (including partial repayment) free of charge
Credit line
Annual interest rate 13-22%
Agreement fee 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 0.029% a day, 10.50% 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
Small loan
Annual interest rate starting from 9,90%
Agreement fee 1,5% of the loan amount, no less than 35 €
Formalization of an additional amount 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 0.029% a day, 10.50% 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
Car loan
Annual interest rate starting from 7,90%
Agreement fee 1,5% of the loan amount, no less than 100 €
Amendment of the interest rate 50 €
Other fees according to small loan price list
Home small loan
Annual interest rate starting from 7,90%
Agreement fee 1% of the loan amount, no less than 100 €
Formalization of an additional amount 1% of the additional amount, no less than 100 €
Amendment of the interest rate 50 €
Other fees according to small loan price list

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.

Your car can be a step towards to a more sustainable lifestyle

Did you know that transport is responsible for 30% of the total CO2 emissions? But car industry is also bringing lots of new possibilities. Eco-friendly cars are not only better for the environment, they also tend to have lower ownership costs.

  1. Choosing electric, hybrid or other low CO2 emission caris your chance to be more environment friendly. We have special leasing offer for eco-friendly cars.
  2. Carpooling can reduce your environmental footprint by 3-4 times. Start small - give a ride to a colleague and try to do carpooling as often as you can.
  3. Walk, bike or use public transportation when possible. By the way, 30 minutes of fast-paced walk a day is a good workout and a great mood booster.

When buying a new car, bring your attention to the fuel economy and environmental labels – they indicate how much CO2 emissions your car produces.

Zero & low emission
vehicles (electric, plug-in vehicles)

Low & average emission
vehicles (mostly hybrid vehicles)

Average & high emission
vehicles (diesel, petrol vehicles)

Calculate how much carbon footprint does your transport choice create monthly?
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  • forest
    0

Calculator's methodology based on ClimateCare.

Suitable for buying a new or a more expensive car.

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

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