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Car loan

Car loan

Car loan
  • Loan amount from €2 000 to €20 000
  • Fixed interest rate throughout the loan agreement period
  • No down payment required
Apply for a loan now
See what I can afford

Car loan or leasing?

Choose the right solution

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 30 June 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.

Car loan
Representative example. If the loan amount is €7000, with a loan repayment term of 60 months, fixed annual interest rate of 8.9 %, agreement fee of €0 and minimum monthly account maintenance fee of €1.30, then the total repayment amount will be €8776.20, the monthly instalment €144.97, and the annual percentage rate (APR) 9.69 %.

Consumer credit calculator New

Car Loan Calculator

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month

Monthly installment

EUR
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The monthly instalment consisting of the principal amount of the loan and interestTap to close

How is my loan calculated?

Loan amount
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Total interest paid
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The amount of interest paid during the loan repayment term and calculated based on the fixed annual interest rateTap to close

EUR
Loan agreement fee
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Current account maintenance fee
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The fee according to the Bank’s pricelistTap to close

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Total repayment amount
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The loan amount and total costs of the loan (all costs, including interest, commissions, and other costs to be paid in relation to the loan agreement and known to the Bank)Tap to close

EUR
Fixed annual interest rate
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Annual percentage rate (APR)
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The annual percentage rate is the total costs of the loan, expressed as an annual interest of the loan amount, including all known costs, i. e., interest, commissions, and other costs to be paid in relation to the loan agreement. The annual percentage rate allows you to objectively compare different loan offersTap to close

%
The displayed result is informative and based on the approximate calculation.
 
Prior to making a decision regarding the loan and its amount, please evaluate your personal and/or family financial capabilities

Information from previous tab is used for calculations. You can switch back and make changes if necessary.

This loan is for
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EUR
EUR

Your maximum credit amount:: EUR

Summary label for maximum monthly payment: EUR

The displayed result is informative and based on the approximate calculation.

Your maximum loan amount:
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Maximum monthly loan payment: EUR

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The displayed result is informative and based on the approximate calculation.

Additional info

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.
€
€ 2 000
€ 100 000
€
€ 0
€ 100 000
€
Car loan: from € 2 000 Leasing: from € 8 000
Car loan: to € 20 000 Leasing: no maximum limit
years
1 year
7 years
year
1970
2025
View the result
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 13 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 13 years.
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Financing for the car purchase without a down payment and no car age limit
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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 limitNot older than 13 years at the end of the lease
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
ApplyLearn more
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Representative example: Financial leasing

Car price Down payment Leasing amount Repayment term Variable interest rate Agreement fee Total repayment amount Monthly instalment Annual percentage rate (APR)
€24,000 €2,400
(10 %)		 €21,600 60 months 4.36 %* €360** €24 439.20 €401.32 5.17 %
The result is informative and based on an approximate calculation.
The customer is obliged to provide CASCO insurance for the car. CASKO insurance costs are unknown to the Bank, hence it is not included in the annual interest rate.
* Base rate 3M Euribor (2.16 % as of 24.04.2025), margin 2.20 %
** 1.5 % of the purchase price of the car

See our other products

Consumer loan

 Learn more

Car leasing

 Learn more

A green car loan

 Learn more

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

Apply for a loan

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

Useful links

Co-borrower’s application
Pricelist
Rules
Application for loan grace period