Car Loan Conditions

How much can I borrow?

The loan amount may vary from 2000 to 20000 EUR.

The amount of the loan shall depend on your financial capacities – your income and liabilities. Taking to account your family's monthly income and necessary expenses, it must be enough money left to repay the loan instalment and other loan-related fees. The total amount of the loan instalments per month you have shall not exceed 40 % of your and your family's income (depending on whether the loan is granted only on your incomeor on the family income).

What will be the interest rate?

The interest rate is fixed, i.e. the interest rate will not change throughout the period of the loan. The interest rate shall be fixed individualy – the interest rate depends on loan purpose, your loan history, loyalty to the bank, etc.

Example of the calculation of annual percentage rate of charge. Should we grant you a 3,000 EUR consumer loan for a period of 5 years, the total amount to be repaid is 4094 EUR, a monthly instalment of 66.73 EUR, and the total annual rate of charge is 13.92 %. The calculations were based on the following assumptions: an annual interest rate is 12 %, the loan is repaid based on the annuity method, the agreement conclusion fee is 30 EUR, and bank account administration fee 1 EUR/month.

How will the loan be repaid?

We offer repayment method called annuity – the instalments will be of the same amount. Interest is paid on the outstanding balance of the loan – the repayment part of the loan is increasing and the interest paid decreases during the period.

You can also choose the day of the instalment - 6^th, 16^th or 26^th of the month, thus we will adjust to your income day, avoiding the risk of delays.