Representative example. If the loan amount is €7000, with a loan repayment term of 60 months, fixed annual interest rate of 9.9 %, agreement fee of €0 and minimum monthly account maintenance fee of €1.30, then the total repayment amount will be €8981.40, the monthly instalment €148.39, and the annual percentage rate (APR) 10.78 %.
Car loan
Car loan
- Loan amount from €2 000 to €20 000
- Fixed interest rate throughout the loan agreement period
- No down payment required
Car loan or leasing?
Thinking of buying a car or a motorcycle? With Luminor, the road is wide open!
- Annual interest rate from 8.9%.
- Loan agreement fee 1.5% from loan amount (min €60).
- Loans from €7000 with no agreement fee. Offer valid until 31 December 2025
- Loan repayment term from 12 to 84 months.
- Loan can be repaid before maturity without additional commission fees. In case of full early repayment of the loan, a proportional part of the paid fee will be automatically returned to your account for the period the loan was not used.
- No down payment required.
- For your peace of mind - loan payment insurance.
Choose the right solution for you
Purchasing a car is an important and well-thought-out decision, moreover, the purchase often requires a bank support. But what is the difference between a car loan and a financial leasing, and which option is right for me? To help answer this question, we created a tool that highlights the key differences between the two financial solutions.
This result is based on approximate calculation and is not considered as the right financing solution in all cases. Please contact a Bank representative to make the right decision.
This result is based on approximate calculation and is not considered as the right financing solution in all cases. Please contact a Bank representative to make the right decision.
€
Car loan: from € 2 000 Leasing: from € 8 000
Car loan: to € 20 000 Leasing: no maximum limit
Incorrect amount. Enter an amount between € 2 000 and € 100 000.
No down payment is required for a car loan, for financial leasing it is from 10% of the car purchase value.
The maximum repayment period for a car loan/leasing is 7 years.
For car loans, there is no car age limit. For financial leasing – at the end of the leasing term, the car's age may not exceed 15 years; at the end of the operating lease term – 10 years.
We cannot offer an appropriate solution for the specified criteria. Please fill out a loan or leasing application, and our financial advisers will help you choosing the most appropriate financial solution to make the right decision. For financial leasing, the down payment is from 10% of the car price, and the maximum age of the car at the end of the lease is 15 years.
Recommended
Car Loan
Financing for the car purchase without a down payment and no car age limit
Recommended
Financial leasing
Financing for the car purchase with a lower interest rate compared to a car loan, but the car age is limited and a down payment is required
Down payment
Down paymentNot needed
Down paymentFrom 10% of the car purchase value
Loan amount
Loan amountFrom EUR 2 000 to EUR 20 000
Loan amountFrom EUR 8 000
Interest rate
Interest rateFrom 8.9% per year, for environmentally friendly cars – from 6.9% per year
Interest rateFrom 1.89% + 3-month Euribor, for environmentally friendly cars – from 1.45% + 3-month Euribor
Used car valuation
Used car valuationNot needed
Used car valuationNeeded
Car age limit
Car age limitNo limit
Car age limitUp to 15 years at the end of leasing term (up to 11 years for electric cars)
CASCO insurance
CASCO insuranceNot mandatory, but recommended
CASCO insuranceMandatory
Ownership
OwnershipOn the customer’s name
OwnershipOn SIA Luminor Līzings name
Minimum age of the customer
Minimum age of the customer18 years
Minimum age of the customer21 years
See our other products
Getting a loan – step by step
Fill in the loan application online
Receive a call about your loan offer and next steps
Sign the car loan agreement remotely
Receive funds in your account and buy your car
Register your car within 60 days after signing the agreement
Requirements to apply
- You are over 18 years of age
- Your regular, officially proven income is at least EUR 510 per month (after taxes)
Documents
- Loan application
- Passport or eID card
- We’ll inform you if we need any additional documents