Car financing

Apply for leasing, find out whether you meet the leasing requirements

Apply for leasing, find out whether you meet the leasing requirements

• Fill out the application on the Internet Banking site.
• Fill out the application with Swedbank's cooperation partner (if you plan to buy the car from a cooperation partner).
• Fill out the application at any branch.

In case of any question, call 67 444 444.

After submitting the application we will contact you

After submitting the application we will contact you

• You can decide on how to submit additional documents, should they be required (valuation, letter from State Revenue Service, account statement from another bank, etc.).
• You will receive the terms and conditions of leasing agreement - repayment period, monthly payment, down payment, interest rate, etc.

Receive car valuation

Receive car valuation

Valuation is required if the seller/retailer is not Swedbank cooperation partner.

• You can get a car valuation in any Swedbank branch outside Riga, by applying for it on the spot or calling 67 444 444.
• You can also get valuation at one of our business partners:
  • SIA "BRC", address: Maskavas iela 463, Riga, tel. 67 317 524; www.brc.lv
  • SIA "AR Control", address: Grēdu iela 4a, 4th floor, Riga, tel. 29 209 154, 29 398 462. www.ar-control.net

Sign the leasing agreement and make the down payment

Sign the leasing agreement and make the down payment

• Come to terms with a bank employee on when and where to sign the agreement, so that it is convenient for you.
• During signing the agreement it will be necessary to make the down payment and pay the fee.
• Along with the leasing agreement you will be able to conclude the leasing safety package:
  • Car insurance (motor own damage) is obligatory;
  • MTPL - takes only one call to purchase after the car has been registered;
  • Family support insurance.
• If there is a guarantor for a leasing agreement, such agreement must be signed together with the guarantor.
• The seller / retailer also takes part in the signing process, since the purchase agreement is three-way.
• Conclude a Telephonebank agreement to easily purchase MTPL insurance at once, after the car has been registered.

Reregister the car at the Road Traffic Safety Directorate (CSDD)

Reregister the car at the Road Traffic Safety Directorate (CSDD)

• After the agreement has been signed and the down payment has been made, you and the seller have to go to the Road Traffic Safety Directorate (CSDD) to reregister the car. Read more about formalities and custom fees here.
• Auto varēsiet pārreģistrēt, pamatojoties uz SIA "Swedbank Līzings" izsniegtu pilnvaru.
• Jums tiks izsniegta jauna automašīnas tehniskā pase, kurā SIA "Swedbank Līzings" būs norādīts kā īpašnieks un Jūs - kā automašīnas turētājs.
• Zvaniet telefonbankai pa tālruni 67 444 444, lai iegādātos OCTA polisi.

Recommendations for financial stability

Recommendations for financial stability

• Borrow reasonably. Before committing yourself to a loan, assess your capabilities to repay the loan and think about how the monthly payment could affect your day-to-day living.
• Make your monthly payments on time. Each day of delay in loan repayments affects your credit history. This may make it more difficult for you get a loan in the future.
• Create some cash stash. This will serve as a safety net in unexpected situations.
• Have your salary and other income transferred to your Swedbank account - entrusting your finances to Swedbank will guarantee you better terms and conditions on our banking services.
• If the date when you receive your regular income changes, make sure you also change the date of your monthly payments.

Information about loan costs

Information about loan costs

For example, if the purchase price of the car is 6000 EUR, the car loan is repayable in 60 months, and the average interest rate per annum is 11%, then the monthly payment is 130.14 EUR and the total amount payable to the bank is 7808.19 EUR. Down payment - 0 EUR. Car loan disbursement fee - 60 EUR; the APR for such a transaction is 11.75%.

Applications (LV/RU)

• Application for receiving power of attorney for departure

Applications and Forms (LV/RU)