Car loan

Agreement fee 0 EUR

For buying car or other vehicle

No loan agreement fee until 31 May.

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 – 0 EUR. Annual percentage rate (APR) – 8.31%. Total amount repayable – 19 633.62 EUR.

Fill out application in few minutes

Sign the agreement remotely and get money

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

7 years
0
5 years
0
4 years
0
3 years
0
2 years
0

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.

Monthly payment
0 €
Agreement fee
35 0€
Insurance monthly payment
0€

Basis for the calculation

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.

€

Maximum possible loan amount The maximum loan amount has been calculated according to the maximum repayment period of 7 years.
0 €

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%

Fees

Service		Price, EUR
Receiving
Loan disbursement	Easier via Internet Banking	1% of the amount. min. 100.00	The fee is withheld from the amount of loan granted.
Using
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.
Closing
Full early repayment of the loan	Easier via Internet Banking	Free of charge

Effective from 18.04.2017.

General terms and conditions

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.

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.
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.
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.