Car lease and car loan

Are you planning to buy a new car, but do not have enough money?

We have an exclusive car loan offer for you.

Offer valid until November 31.

Leasing

Car loan

Loan amount From 5,000EUR From 3000EUR to 20,000EUR

* if the amount to finance is below 3,000EUR, then the standard terms of consumer credit will be applied.
Term 6-84 months 6–84 months
Advance From 10 percent of the value of the acquired vehicle No
Income At least 350EUR/month net of tax At least 350EUR/month net of tax (or at least 724EUR/month if the loan is taken out with a co-borrower)
Recommended

Casco insurance

Compulsory for the entire lease term.
The car is registered under the name of the leasing company, and the company pays the money directly to the car seller.
Optional.
Money is transferred directly to the client's account, which the client uses to purchase a new car and register it under his name.
Financier Swedbank lizingas, UAB Swedbank AB
Early repayment Early repayment of a loan or its part without any restrictions or additional fees. Early repayment of a loan or its part without any restrictions or additional fees.
It takes just some minutes Fill in the application Fill in the application

Lease conditions

  • Financed value of the car – at least EUR 5,000.
  • Sufficient income for making lease payments (minimum salary net of tax should be at least EUR 350).
  • Down payment – from 10 percent of the value of the acquired vehicle. Down payment depends on the car selected and client assessment.
  • Vehicle is not more than 7 years old at the time of concluding the lease agreement and not more than 11 years old at the expiry of the lease agreement.
  • Compulsory Casco insurance for the entire contract period.
  • Agreement fee – 1 percent of the value indicated in the agreement, min. EUR 150.
  • Interest is calculated individually, following solvency assessment of the client.

Calculate your preliminary financial lease instalment: Calculator

Information regarding potential risks. Please note that by using financing services you assume financial obligations. Improper fulfilment of your financial obligations may negatively affect your credit history, increase the price of credit, and if the agreement is terminated due to material breach on your side, you may lose any payments already made, as well as the any rights to the financed property.

About the product

Typical example of total consumer credit annual percentage rate calculation (for natural persons who have acquired leased assets for personal, family or household purposes, but not for business or professional purposes):

Assumptions: Price of the car selected – 15 000 EUR, contract term – 60 months, advance paid by the Client – 20 percent, financed amount – 12 000 EUR, interest rate – 3 percent, contract fee – 150 EUR (monthly instalment – 215.62 EUR).

In order to receive consumer credit, the Client must have (open) an account with Swedbank, AB, with a set minimum daily services fee of 0.70 EUR per month. The client must also, at his/her own expense, buy insurance for the car at an insurance company acceptable by Swedbank under conditions set out in the agreement (insurance cost is not included in the total consumer credit annual percentage rate). Total consumer credit annual percentage rate is then equal to 3.7 percent, and the total Consumer Loan cost payable a receiver would amount to EUR 13 098.49.

Calculations of the total consumer credit annual percentage rate and the total amount payable by the borrower are based on the assumptions that the agreement will be valid for the entire duration of the agreement, the total credit amount will be paid out on the day of signing the agreement, the parties to the agreement will fulfil their obligations arising from the agreement by respecting the terms and conditions set out therein, the annual interest rate, the amount of fees and other charges paid by the Client will remain the same as at the time of concluding the agreement and will continue to be applied until its expiry.

  1. After finding a suitable vehicle, agree with the seller on all conditions of the contract: price, additional equipment, delivery and payment deadlines.
  2. Submit a loan application on the Internet bank or come to a bank branch.
  3. Swedbank Lizingas, UAB will submit a financing proposal.
  4. If you agree on it, Swedbank Lizingas, UAB will familiarize you with the conditions of the contract and will conclude a lease agreement with you.
  5. Make the down payment, as agreed in the lease agreement. Congratulations on your new purchase!
  6. Make lease payments according to the schedule set out in the agreement.
  7. Following the expiry of the financial lease agreement, a conclusion instrument will be drawn up, and the ownership will be transferred to the lease receiver.
  • financing application;
  • passport copy;
  • statement of income (upon request);
  • commercial offer for acquiring a car from the car seller.

Car loan conditions

  • Purpose of car loan – purchasing a car, motorcycle or any other vehicle.
  • Amount up to 10 000 EUR granted without leaving home (on “Swedbank”internet bank).
  • Your income after the taxes must be at least 350 EUR per month.
  • If your personal income is insufficient to be granted the required loan amount or the loan amount exceeds EUR 10 000, your spouse (if you are married) must serve as a co-borrower or surety provider.
  • A one-time fixed agreement administration fee – 1 % from the amount of the loan (minimum fee – EUR 50).
  • Interest starting from 8%. Interest shall depend from the amount of the loan, customer’s credit history and other.
  • Vehicle must be registered in the name of the borrower in SE “Regitra” vehicle register within 30 days after signing the agreement

Notice. Please note that by using financing services you assume financial obligations. Improper fulfilment of your financial obligations may negatively affect your credit history, increase the price of credit, as well as cause a forced recovery.

About the product

Typical example of total credit annual percentage rate calculation

If you applied for a consumer loan amounting to EUR 4 000 with credit agreement duration (and loan repayment term) of 5 years with the annual flat rate of 12 % and the following applicable fees: monthly minimum daily services fee (0.70 EUR per month); agreement administration fee of EUR 50; monthly payments EUR 88.45 using annuity method, then, the total consumer credit annual percentage rate would be 13.91 %, and the total amount paid by the Consumer Loan receiver would be EUR 5 397.58.

Calculations of the total consumer credit annual percentage rate and the total amount payable by the borrower are based on the assumptions that the Credit Agreement will be valid for the entire duration of the Agreement, the total Credit amount will be paid by the Bank to the borrowers on the day of signing the Credit Agreement, the parties to the Credit Agreement will fulfil their obligations arising from the Credit Agreement by respecting the terms and conditions set out therein, the rates and other expenses will remain the same as on the day of concluding the Credit Agreement and will continue to be applied until its expiry.

  1. Submit a loan application on the Internet bank or come to a bank branch.
  2. Await for confirmation of the loan by SMS or e-mail.
  3. Confirm the loan agreement on the Internet bank or sign the agreement at a bank branch.
  4. The money will be transferred to you immediately after confirming or signing the agreement.
  5. Congratulations! You are ready to become the owner of a new car.
  • A passport or an identity card *
  • If the expected source of repayment is not a salary, additional documents evidencing the receipt of the income will be required.
* If your income is transferred to a bank account other than Swedbank and you do not agree that the bank verifies your details in Sodra's database, you will also need to provide a statement issued by Sodra confirming your current workplace, State insured income and payments received over the last 6 months.

You might also be interested in

We use cookies on this website to enhance your browsing experience. By clicking "Accept" or continuing the browsing session you confirm your consent. You can withdraw your consent at any time by changing the browser settings and deleting the saved cookies. Please read our cookies policy.