Car loan

If you’re dreaming of buying a car or trading in your old one, you’ve come to the right place. A car loan is the ideal choice if you’re buying a used car from a private individual and need cash to pay for it. Apply for a car loan that suits your needs to make your dreams a reality. A car loan is granted as a Nordea FlexiCredit.

Unsecured car loan

A car loan can help you buy your dream car. You can take out a loan to pay for the full price of a new car or the car dealer’s down payment. A car loan can be granted as FlexiCredit, which is unsecured consumer credit, and you can increase its amount if you need to.

  • You can get credit from 2,000 euros up to 50,000 euros without a separate opening fee.
  • You can apply for a car loan directly online using your Nordea online access codes. If you are not yet a Nordea customer, you can also submit the application using the online banking codes of other banks.
  • The car loan will be paid to your account right after your credit application is approved (Mon–Sun 7.00–22.30).
  • The car loan is granted for a period of 1–5.5 years. You can, however, pay extra instalments or repay the entire credit at any time without any additional fees. 
  • You will repay the 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.
  • The loan can be granted to one or jointly to two applicants aged 18 or over.

Nordea’s FlexiCredit will make your new car a reality

When you find the right car, you will already start thinking of the future trips you will make with it. So why wait until tomorrow, when you can make your dream come true today.

Nordea’s FlexiCredit is a handy solution when you want to realise your plans and need consumer credit quickly. You can have credit from 2,000 euros to 50,000 euros. FlexiCredit is an unsecured one-off loan, which can be increased later, if needed.

Prices

Reference rate and prices

Most common prices for consumer credits from 1.9.2019.

Benchmark interest rate 3-month Euribor (quoted on the first banking day of the month in which the credit application is signed)

The credit margin is 2.9–8.9%, depending on the customer’s total banking volume. 

Reference rate and prices
ItemisationPrice

Margin, normal price

Margin, mortgage customers

Margin, Premium customers

8,90 %

5,90 %

2,90 %

Opening fee0,00 €
Raising fee0,00 €
Account management fee0,01% per day calculated from granted credit, max. 12,50 € per month
Costs for written statements17 €/every beginning hour
Copies of receipts and invoices per copy10,00 €
One-time change of due date after billing5,00 €
Permanent change of due date5,00 €
Balance or interest statement on request10,00 €
Payment reminder5,00 €
Prices before 1.9.2019
Features
How to apply
Repayment
Terms and conditions
Consumer credit

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 8.5% and a 74-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 14.2% (December 2019).

The total sum of the credit and credit costs is 7,366,66 euros and the number of loan payments is 74. 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 5.5% and a 67-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 11.3% (December 2019). 

The total sum of the credit and credit costs is 6,664,76 euros and the number of loan payments is 67. 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 2.5% and a 61-month loan period, the annual percentage rate of charge on a FlexiCredit of 5,000 euros is 8.3% (December 2019). 

The total sum of the credit and credit costs is 6,097,56 euros and the number of loan payments is 61. 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 consumer credit

Consumer credit with security could be the right solution for you if you have available security, such as a home of your own, or the loan amount exceeds 50,000 euros. This is an affordable option for larger loan needs and for the acquisition of consumables.

Apply for a loan online

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FlexiCredit Calculator - Make your own loan calculation

Contact Nordea Customer Service  

Mon-Fri 8.00 - 18.00

0200 70000 (lnc/mcc*)

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