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Car loan

For buying car or other vehicle

  • 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 15 000 EUR is taken out for a period of 7 years (84 months), the applied interest rate – 7.9%, the monthly payment – 236.56 EUR, the agreement fee – 150 EUR. Annual percentage rate (APR) – 8.65%. Total amount repayable – 19 783.62 EUR.

Fill out application in few minutes Sign the agreement remotely and get money Register vehicle with CSDD in 60 days

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.

The loan is suitable for buying:

  • Cars
  • Moped cars
  • Motorcycles or mopeds
  • Boats
  • Trailers and semi-trailers
  • Other vehicles that can be registered with the CSDD
  • Fill out the application
  • We will let you know about our decision in a text message or a phone call
  • Find out the interest rate and other terms and conditions offered in the agreement
  • Sign the agreement remotely. New lending transactions may be entered into via Internet Banking between 07.00 AM and 10.00 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 nighttime until 7 AM.
  • The money will be credited to your Swedbank current account immediately after signing the agreement
  • After signing the agreement, register the vehicle in your name with the CSDD within 60 days
  • Don’t forget to take out the MTPL policy, and also CASCO if you wish
  • You can check your applications and agreements in the “My obligations” section
  • Loan from 3000 to 20 000 EUR
  • Car valuation not required
  • Interest rate from 7.9% per year. It is set for each customer individually and depends on your credit history, current obligations and loan amount
  • Loan processing fee – 1% of the amount, min. 100 EUR
  • You must be at least 18 years of age
  • Monthly after-tax income – from 550 EUR, with a co-borrower – from 1000 EUR
  • Existing loan obligations are performed without any arrears
  • Loan repayment period from 6 months to 7 years
  • Monthly payments for the loan will be debited automatically from your Swedbank account
  • You can set and change the payment date, as well as keep track of the repayment schedule
  • Loan may be repaid early (in part or in full) without any extra charge via Internet Banking If you perform your obligations in full early, you can apply for a proportional reduction of the total cost of credit. After full early performance of your obligations, you can apply for a reduction of the total cost of credit by sending an Internet Banking message to the bank.
  • If you exercise your right of withdrawal and notify the bank of your wish to cancel the agreement within 14 days of receiving the loan amount, you will have to repay the loan received plus interest on the actual use of the loan amount
The vehicle must be registered in your or co-borrower’s name with the 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.

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.

Favourable % rate

Suitable for buying a new or more expensive car.

Discount 15%

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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