Car loan

Car Loan for purchasing a vehicle

  • Interest from 9.9% on the loan balance
  • You will receive a response to your application within a few minutes
  • Loan sum from 3000 € to 15,000 €
  • No collateral required
  • Free early repayment

You do not need to have an account with LHV to apply for a Car Loan.

Calculate the monthly instalment

%

The results are estimated and may differ from the terms and conditions offered to you.

Purchasing or repairing a vehicle

Select a suitable vehicle

With the Car Loan you can purchase exactly the kind of motor vehicle you need – from a passenger car to a motor boat.

The vehicle belongs to you

In the case of a Car Loan, there is no need for a downpayment and the vehicle can be registered immediately in your name.

Car repair

A Car Loan can also be used to repair a motor vehicle.

Motor own liability insurance is not compulsory

Generally, purchasing or renting a vehicle with leasing means compulsory motor own liability insurance. For the Car Loan, there is no such obligation.

Applicationprocess

  • Fill in application
    Fill in car loan application. There is no charge for submitting an application, and doing so does not obligate you to conclude an agreement. If a statement of account must also be submitted, we will inform you of this separately.

  • Limit offer
    We will calculate your limit, within which you will have 90 days to take the Car Loan.

  • Conclude agreement
    You can sign the agreement in self-service environment. If you cannot sign it digitally, please visit our partner Euronics store. There, you can sign a printed contract.

  • Money to account
    Latest on the next working day after signing the agreement you will receive the loan sum in your account, less the agreement fee.

  • Confirmation submission
    Please send a copy or a photo of your vehicle’s registration certificate to finance@lhv.ee after the conclusion of the car loan contract.

Conditions

Loan sum

From 3000 € to 15,000 €

Interest

Annual interest from 9.9% on loan balance. LHV calculates the interest on the outstanding loan balance, not the whole loan sum. This means that interest payments decrease each month, as your loan balance decreases.

Contract fee

1% of loan sum, at least 29.90 €

Time of repayment

6 months to 6 years

Amendment of agreement

If you need to, you can take a grace period or change the date or amount of the monthly payment. The fee for amending the agreement is 10 €. To amend the agreement, please write to finance@lhv.ee.

Early repayment

Early repayment of the entire credit sum is free of charge.

Repayment

Monthly payments are to be paid to the account EE707700771001062897; beneficiary: AS LHV Finance: reference number: your agreement number.

Confirmation submission

Please send a copy or a photo of your vehicle’s registration certificate to finance@lhv.ee after the conclusion of the car loan contract.

The Car Loan is offered by AS LHV Finance. Take a look at the terms and conditions at lhv.ee/en/car-loan and consult a specialist. The monthly instalment is 121.32 € and the annual percentage rate of charge is 17.63% on the following sample terms and conditions: loan sum 5000 €, annual interest rate of 15.9% on the outstanding balance (fixed), agreement fee 50 €, repayment period of 60 months, with monthly annuity payments, in the total sum of 7331.41 € and the sum of repayments of 7331.41 €.

Loan insurance is offered by ERGO Insurance SE. Review the terms and conditions of insurance, along with the limitations and exemptions, and ask for advice from our specialist. The monthly instalment of a Consumer Loan with insurance is 131.03 € and the annual percentage rate of charge is 21.83% on the following sample terms and conditions: loan sum 5000 €, annual interest rate of 15.9% on the outstanding balance (fixed), monthly fee 9.71 €, agreement fee 50 €, repayment period of 60 months, with monthly annuity payments, in the total sum of 7909.78 € and the sum of repayments of 7909.78 €.

Loan insurance

You can make your loan more secure by adding loan insurance to your agreement. LHV Finance together with ERGO Kindlustus will ensure that you will not find yourself in trouble with instalments in the case of unforeseen circumstances. Read the terms and conditions of loan insurance.

  • Unemployment, i.e. the termination of an employment contract or civil service contract by one’s employer for a reason beyond the insured person’s control;
  • temporary incapacity for work, i.e. a certificate of incapacity for work valid for over 30 days;
  • permanent incapacity for work, i.e. a certificate of incapacity for work valid for over 30 days;
  • death, i.e. any loan liability does not have to be met by the heirs.

The insurance cover commences from the day of the first Car Loan instalment. You can also take out this additional insurance during the term of your Car Loan agreement, in which case the insurance cover will commence from the date of the next instalment. Unemployment cover begins one month after the insurance has started.

In case of an insured event, notify the client support of LHV Finance as soon as possible. Client support will notify the loss adjuster, who will contact you with further instructions.

The insurance premium is 8% of your monthly Car Loan instalment. For example, if you take a Car Loan in the amount of 3000 € for two years, only 5 € will be added to your monthly instalment.

LHV Finance contacts

Call 680 2700 or write to finance@lhv.ee daily from 9 to 21.