Car loan – buy a car with financing from Nordea

If you’re thinking of buying a car or planning to trade in your old car for a new one, apply for an unsecured or secured car loan from Nordea. You can also finance a car through hire purchase or car leasing. Read more about the types of car finance we offer.

Unsecured car loan

Our customers can get an unsecured car loan (FlexiCredit) of 2,000 to 50,000 euros for up to 8 years with no opening fee.

Secured car loan

A secured car loan is a cheaper alternative when you need to borrow more than 15,000 euros and can provide collateral to back up the loan.

Buy a car through hire purchase

With hire purchase from Nordea Finance, you can buy a new or a used car from a dealership by making fixed monthly payments.

Autoleasing – a carefree way to drive

Autoleasing is Nordea’s long-term car leasing service, which enables you to lease a car by making fixed monthly payments covering maintenance, repairs, tyres and more. 

Is hire purchase or car leasing suitable for me?

  • We can help you finance a car through hire purchase or car leasing even if you are not a Nordea customer.
  • With hire purchase, you don’t need to tie up a large amount of cash in your car so you might have money left over to invest. Try our savings calculator to see how investments could grow.
  • With hire purchase, you can determine the period over which you want to pay for the car or sell the car in the middle of the agreement period.
  • If you’re interested in leasing a car, you can do it online from start to finish in our Autoleasing service. Watch a video to see how easy it is!
  • Car leasing comes with fixed costs so you know exactly how much you’ll be paying for your car.

Unsecured vs. secured car loans

  • We offer our customers both secured and unsecured car loans.
  • A secured car loan requires that you provide collateral for the loan, while an unsecured car loan doesn’t. If you have collateral to use for a secured car loan, your total loan costs could be lower than if you take out an unsecured car loan.
  • The loan period is up to 8 years for an unsecured car loan and 20 years for a secured car loan.
  • An unsecured car loan suits you if you need to borrow between 2,000 and 50,000 euros, while a secured car loan starts from 15,000 euros.
  • Try our car loan calculator for secured FlexiCredit

What is the best car finance option for you?

Find the car finance solutions we offer below.

Unsecured car loan

Unsecured car loan from Nordea

  • Apply for between 2,000 and 50,000 euros of FlexiCredit with no opening fee.
  • The loan can be granted to one applicant or jointly to two applicants aged 18 or over.
  • Apply for an unsecured car loan from us easily online using your Nordea online access codes.
  • The car loan will be paid to your account after your application is approved (Mon–Sun 7.00–22.30).
  • The car loan is granted for a period of 1–8 years. However, you can pay extra instalments or repay the entire loan at any time without any additional fees. 
  • You’ll repay your car loan monthly in equal payments on the due date of your choice. The loan period can be adjusted to your repayment ability. 
  • There is an option for two instalment-free months per year.

How to apply for an unsecured car loan

You can easily apply for or increase your car loan online. We offer car loans as Nordea FlexiCredit. Fill in the loan application in Nordea Netbank or Nordea Mobile if you have Nordea access codes.

  1. Use our car loan calculator to work out the most suitable loan amount for your finances. You can access the loan application directly from the calculator.
  2. Log in to Nordea NetbankOpens new window with your Nordea access codes. You can find the application in both Nordea Netbank and Nordea Mobile on the Services tab under ‘Loans’.
  3. Fill in and submit your application.
  4. We will get back to you with a loan decision. The money will be paid to your account as soon as your loan application is approved.

Example calculation

Calculation for consumer credits issued after 1.9.2019.

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 8.9%. With a nominal interest of 11,95% and a 139-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 15,7% (April 2023). The total sum of the credit and credit costs is 16 671,54 euros and the number of loan payments is 139. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

For Nordea's mortgage customers:

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 5.9%. With a nominal interest of 8.95% and a 110-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 12,6% (April 2023). The total sum of the credit and credit costs is 13 196,54 euros and the number of loan payments is 110. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

For Nordea's Premium customers:

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 2.9%. With a nominal interest of 5.95% and a 94-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 9.6% (April 2023). The total sum of the credit and credit costs is 11 228,50 euros and the number of loan payments is 94. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

FlexiCredit is provided under the normal credit terms and conditions by Nordea Finance Finland Ltd, Aleksis Kiven katu 9, Helsinki, FI-00020 NORDEA.

Secured car loan
Hire purchase
Ordering a lease car is easy

Example calculation

Calculation for consumer credits issued after 1.9.2019.

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 8.9%. With a nominal interest of 11,95% and a 139-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 15,7% (April 2023). The total sum of the credit and credit costs is 16 671,54 euros and the number of loan payments is 139. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

For Nordea's mortgage customers:

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 5.9%. With a nominal interest of 8.95% and a 110-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 12,6% (April 2023). The total sum of the credit and credit costs is 13 196,54 euros and the number of loan payments is 110. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

For Nordea's Premium customers:

Nordea's FlexiCredit is a one-off loan and its interest is the 3-month Euribor quoted on the first banking day of the month in which the credit application is signed + a margin of 2.9%. With a nominal interest of 5.95% and a 94-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 9.6% (April 2023). The total sum of the credit and credit costs is 11 228,50 euros and the number of loan payments is 94. The opening fee for the loan is 0 euros. The calculation includes a monthly account management fee of 12.50 euros in the case of automatic debiting.

FlexiCredit is provided under the normal credit terms and conditions by Nordea Finance Finland Ltd, Aleksis Kiven katu 9, Helsinki, FI-00020 NORDEA.

Frequently asked questions about car loans