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Car loan

Car Loan for purchasing a vehicle

  • Interest from 9.9% on the loan balance
  • You will learn the limit of the maximum Car Loan amount that you are eligible for in less than 15 minutes
  • Loan sum from €3000 to 15,000
  • Free early repayment

You do not have to be a client of LHV to view the limit.

View Car Loan limit

Conclude the agreement

Calculate the monthly instalment

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Monthly instalment

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View Car Loan limit

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

For purchasing a car and other vehicles

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.

No downpayment

A downpayment is not required for the Car Loan. The entire loan sum can be repaid in monthly instalments.

The vehicle is yours

The vehicle can be registered in your name immediately. When selling the vehicle there is no need to inform the lender, as the vehicle is yours.

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

1.

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.

2.

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

3.

Conclude agreement
You can sign the agreement in self-service environment.

4.

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.

Conditions

Loan sumFrom €3000 to 15,000
InterestAnnual 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 fee1% of loan sum, at least €29.90
Time of repayment6 months to 6 years
Amendment of agreementIf 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 repaymentEarly repayment of the entire credit sum is free of charge.
RepaymentMonthly payments are to be paid to the account EE707700771001062897; beneficiary: AS LHV Finance: reference number: your agreement number.

The Car Loan is offered by AS LHV Finance. Take a look at the terms and conditions at lhv.ee/autolaen 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 If P&C Insurance AS. 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, working with If Kindlustus, is the only one to provide loan insurance, thereby ensuring that you will not find yourself in trouble with instalments in the case of unforeseen circumstances. Read [the terms and conditions of loan insurance] (/images/docs/Consumer_Loan_Insurance_Conditions-EN-2016-09-02.pdf).

  • 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 hire-purchase 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 this additional insurance is taken out.

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 client support

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