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Car loan

For buying a new or used car

  • Loan from 3000 to 20 000 EUR without down payment
  • Fixed interest rate from 7.9% throughout the agreement period*
  • CASCO insurance is not mandatory, but recommended

* Example of the loan expenses: when a loan of 9000 EUR is taken out for a period of 7 years (84 months), the applied interest rate – 7.9%, the monthly payment – 141.96 EUR, the agreement fee – 100 EUR. Annual percentage rate (APR) – 8.69%. Total amount repayable – 11,883.27 EUR.

Fill out application in few minutes Sign the agreement remotely Get money in your account immediately

Basis for the calculation

The data provided by the calculator is for information only, however it gives you an idea of what could be the size of your monthly payments for the car loan.

The possible monthly payments for the car loan are calculated on the following assumptions:

  • loan amount - 0 EUR
  • loan period -  
  • first monthly payment - starting from the second month after agreement conclusion
  • loan interest rate - the interest rate varies on case-to-case basis, in the example - 12
  • loan disbursement fee -  
  • total loan amount -  
  • annual percentage rate (APR*) -   %

*APR (annual percentage rate) - the total cost of the credit, as expressed in percentage, including interest on the loan, the contract fee and other expenses associated with setting up the loan.

Car loan calculator

Monthly payment

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Insurance against borrower's unemployment and incapacity for work helps you to pay the monthly loan payments, if for more than 30 days you:

  • unexpectedly lose your job
  • stay on sick leave due to your or your child‘s illness

The insurance agreement can be concluded within a maximum of 30 days after signing the loan agreement.

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This calculation is indicative and may differ from the final terms and conditions offered to you. The interest rate depends on the customer profile and the vehicle selected.

The insurer is Swedbank P&C Insurance AS, which is represented in Latvia by Swedbank P&C Insurance AS Latvian branch and the insurance agent is Swedbank AS.

Regular net monthly income at least €550, with a co-borrower at least €1000. Average income in the last 6 months. If you are applying with a co-borrower, add their monthly income too. Fill in how much on average you spend each month on existing obligations (loans, leases, instalments, etc.). If you are applying with a co-borrower, add their monthly obligations too.
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The data provided by the calculator is for information only, however it gives you a picture of what could be the amount of your loan. Fill out the loan application and find out the terms of loan offered specifically to you.

Car loan is a convenient solution if you’re looking for a used car, motorcycle or other type of vehicle that can be registered with CSDD.

  • Money is transferred to your account immediately after concluding the agreement and you have 60 days to buy and register the car. After that, the car will be your property and you won’t have to notify the bank when you decide to sell it.
  • Car valuation not required.
  • CASCO insurance optional.
  1. Fill out an application via Internet Banking.
  2. We will inform you of the decision made by phone, text message or Internet Banking message.
  3. Sign the agreement via Internet Banking. Money will be transferred to your current account within minutes. New lending transactions may be concluded via Internet Banking between 7 AM and 10 PM. Automated aggregation and registration of data on transactions concluded during the day takes place after 10 PM and, pursuant to the Consumer Rights Protection Law, it is prohibited to enter into consumer lending contracts during night time until 7 AM.
  4. Congratulations! Soon you will be the owner of a new car. Register the car in your name within 60 days.

Important! Don’t forget to take out your MTPL policy.

  • Loan amount from 3000 to 20000 EUR.
  • Loan repayment period from 6 months to 7 years.
  • Interest rate from 7.9% to 16.9% depending on the loan amount and credit history.
  • Agreement fee is 1% of the loan amount (min. 100 EUR).
  • Monthly income after taxes must be at least 550 EUR, together with a co-applicant at least 1000 EUR.

Important! The vehicle must be registered in your name with CSDD within 60 days; otherwise the interest rate on the loan will be raised to 19%.

Service Price, EUR
Loan disbursement Easier via Internet Banking 1% of the amount. min. 100.00 The fee is withheld from the amount of loan granted.
Interest rate From 7.9% per annum The interest rate is set for each customer individually and interest accrues on the outstanding amount of the loan.
Change of monthly payment date or the linked account Best value via Internet Banking 0.00 - 7.00Via Internet Banking - 0.00
At branches - 7.00
Other changes in the credit agreement Easier via Internet Banking 25.00
Early partial repayment of credit Easier via Internet Banking Free of charge No fee will be charged if no other changes are made in the loan agreement.
Full early repayment of the loan Easier via Internet Banking Free of charge

Effective from 18.04.2017.

Changes in loan agreement

With the self-service feature on the Internet Banking site, you can free of charge:

  • Change the payment date.
  • Change the payment account.
  • Make early partial repayment. You are entitled to a reduction of the total cost of credit if the obligations have been performed in full on early basis in accordance with credit agreement. You can apply for a reduction of the total cost of credit by sending an Internet Banking message to the bank after full early performance of your obligations.

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 car is 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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Calculator's methodology based on ClimateCare.

Suitable for buying a new or more expensive car.

Free technical assistance for the car and guaranteed use of original spare parts when repairing cars not older than 5 years.

All financial services agreements in one place. No worries about payments as they will be debited automatically from your current account.

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Gold Credit Card with included travel insurance

Special offer!
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