Car loan – buy a car with financing from Nordea

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 1–10 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.

Features of a secured car loan

• The secured car loans we offer are secured consumer loans, which are a good choice if you need to borrow more than 15,000 euros.
• The loan period of a secured car loan can be 20 years at maximum.
• If you have the FlexiPayment feature connected to your secured car loan, you can adjust the amount of your next loan repayment when you like.
• The costs of a secured car loan comprise loan interest, which consists of a reference rate and a margin, and a monthly contractual payment.

A secured car loan could be the most affordable solution for you

Do you own an asset you can use as collateral, such as a home, other property or an investment? If you do, a secured car loan could be the most affordable solution for you. You are eligible for a secured car loan from Nordea if you:

• do all your banking with us and have a regular income 
• have an asset to use as collateral (such as a home, other property or an investment)
• have a Finnish personal identity number and a home address in Finland
• have no registered payment defaults.

How to apply for a secured car loan

You can easily apply for or increase a secured car loan online by filling in a new loan application in Nordea Netbank or Nordea Mobile if you have Nordea access codes.

1. Log in to Nordea NetbankOpens new window with your access codes. You can find the application in both Nordea Netbank and Nordea Mobile on the Services tab under ‘Loans’.
   
2. Fill in and submit your application.
3. We will get in touch with you.

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.
  

• When you buy a car through hire purchase, the car itself serves as collateral for the finance so there is no need for other collateral. 

• You’ll first need to make a down payment of some 10–20% of the vehicle’s value. Alternatively, you may be able to trade in your existing car to the dealership to cover the down payment. 

• The monthly payments under your hire purchase agreement will be determined based on a suitable repayment period of 1 to 6 years.

• The hire purchase agreement is made at the car dealership in connection with the purchase of the car, so you can ask the salesperson about hire purchase finance. They will take care of applying for and opening the loan for you.

What does it mean to buy a car through hire purchase?

Hire purchase is still the most popular way to finance a car. It’s typically used when buying a new car but it’s also possible to buy a used car through hire purchase.

Hire purchase is available via car dealerships. It’s often a good option when you don’t have financing from your bank or you don’t want to use your savings to buy the car. With hire purchase, the cost of your car will be divided into monthly payments that suit your budget over a period of several years that reflects the value of the car. 

Typically, the share of the costs is larger than the actual instalment in the first monthly payments but this will change over time and the share of the costs may eventually be very small compared to the instalment. Use our car finance calculator to work out a suitable monthly payment and repayment period for you. 

Advantages of buying a car through hire purchase

• You get more time to pay.
• It’s up to you how quickly you want to pay off your car – you can increase the agreed monthly payments later and save on your hire purchase costs.
• The car is used as collateral, which means you don’t need other assets to back up the loan.
• As you don’t need to tie up a large amount of cash in your car, you might have money left over to invest.
• You don’t need to be a Nordea customer to buy a car through hire purchase.
• If your circumstances change, you can always sell the car in the middle of your hire purchase agreement period.

Larger final payment

When making a hire purchase agreement, you can choose to make one larger final payment, which means the regular monthly payments you make prior to that will be smaller.

You should therefore make sure you’ll have enough money to make this larger final payment at the end of your hire purchase agreement. In some cases, the larger final payment can be transferred to a new hire purchase agreement for your next car or the dealership can take it into account in the price of a trade-in car.

Features of car leasing

• Autoleasing is a private leasing service for our personal customers, which enables you to lease a car by making fixed monthly payments. 
• It’s effectively a long-term rental, and the fixed monthly amount you pay covers maintenance, repairs, tyres and more. 
• The fixed monthly payment depends on several factors, including the make, model and age of the car you choose. 
• We expand and update our Autoleasing selection frequently. It comprises large, small, petrol, hybrid and electric cars alike from dozens of manufacturers. 
• When you lease a car, you can rely on predictable costs and you don’t have to worry about the depreciation of your car’s value.

Ordering a lease car is easy

Ordering a lease car online has become easier and more popular over the past few years. High-quality online services have made it possible to use a web-based ordering process also for larger purchases, such as cars. When you use our Autoleasing service, ordering a lease car online is both easy and secure – and you get predictable costs for the entire agreement period.

It’s never been easier to get a new car online. The number of cars ordered online has been increasing steadily. It’s a quick and easy option especially if you already know which make and model you want. Online orders are especially popular with lease cars – about 95% of our Autoleasing orders are made on our website at autoleasing.fi.

When you’re planning to order a lease car online, we recommend that you look into the different service providers and choose a Finnish one if possible. Before you make an order, think about the make and model you want and what your needs are; what do you need the car for and what type of car would be best suited to that purpose. Electric cars are a very popular choice for car leasing. Plug-in cars accounted for as many as 86% of all new Autoleasing agreements this year, while fully electric cars accounted for 48%.

Ordering a lease car online

Our Autoleasing service allows you to get a car online from start to finish. Our lease cars are simple to order and an easy solution all around. You’ll know the costs of driving a lease car when you order it and you’ll always get a brand new car from Autoleasing. When you have a lease car, you don’t need to worry about depreciation, maintenance or repairs, as these are all included in the monthly price you pay for your car. See what our leasing packages include.

Our website at autoleasing.fi is easy to use and offers you a chance to compare different agreement periods, kilometre allowances, accessory packages and cars. We provide you with the basic details you need to know about each car. And if you already have a favourite make you trust, you can easily go ahead and order the car you want.

What kind of a driver are you? Take a test!

Have any questions?

To help you find and order the right car, we try to provide as much information as possible about the cars in our selection on our website, including the accessories and technical details. We are also happy to answer any questions you may have about the vehicles you’re interested in.

Once you have decided on a car, you can easily order it online. Simply select an agreement period that suits you, then pick the car, type of fuel and accessories you want and confirm your order. Once we have processed your order and your car is ready, we’ll deliver it to your door. See answers to frequently asked questions about car leasing.