Par i bil

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

  • You can get credit from 2,000 euros up to 50,000 euros without a separate opening fee.
  • The loan can be granted to one or jointly to two applicants aged 18 or over.
  • 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 1–10 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.

How to apply for an unsecured car loan

Applying for a car loan or raising the loan amount is easy online. A car loan is granted as a Nordea FlexiCredit. Fill in the loan application at Nordea.fi or in Nordea Netbank or Nordea Mobile using your Nordea online access codes.

Applying for a car loan:

  1. Use our car loan calculator to work out which loan amount suits your finances the best. You can access the loan application directly from the calculator.
  2. If you don’t want to use the calculator, you can go straight to the application by logging in with your Nordea access codes. The loan application is available at Nordea.fi as well as in Nordea Netbank and Nordea Mobile.
  3. Fill in and submit your application.
  4. You will get a loan decision quickly and the money will be paid to your account right after your loan application is approved.

Add co-applicant

You can also apply for FlexiCredit together with a co-applicant. The co-applicant must be aged 18 or older. Both you and the co-applicant share liability for repaying the loan. You can apply for credit with joint liability using the FlexiCredit application.

Apply for a loan online

Apply now Opens new window

Other ways to finance buying a car

We also offer other financing options you can consider instead of an unsecured car loan, namely Nordea Finance hire purchase and private leasing. Read more about hire purchase for cars and private leasing below.

Hire purchase

When you want to buy a new or a used car from a car dealership, Nordea Finance’s hire purchase is the right option for you. 

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 credit for you.

Car loan - NF - Mother and son - SMALL

  • For private persons
  • Fixed monthly payments
  • Down payment is 20–30% of the car’s cash price
  • The car itself serves as security for the finance
  • Apply for hire purchase finance directly at the car dealership 
  • The ownership will be transferred to you when the last monthly instalment has been paid.

Find out more about hire purchase.Opens new window

Car leasing

Car leasing is a carefree alternative in which you only pay for the use of a vehicle. The fixed monthly payment covers practically all of the car’s expenses.

You can order a car online from our extensive selection of lease cars from the comfort of your home.

Car loan - NF - Hands on a steering wheel - SMALL

  • For private persons
  • No downpayment required
  • The car itself serves as security so there is no need for separate security
  • The finance is applied for online in connection with the order of the car
  • Mileage per year agreed on in advance
  • Includes scheduled servicing and repairs due to normal wear and tear
  • The car is to be returned upon the expiry of the agreement

Read more about Car leasing and see the car selectionOpens new window

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
Repayment
Terms and conditions
Consumer credit
Example calculation

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 €

Reference rate and prices before 1.9.2019

Reference rate and prices for loans issued before 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).

Prices before 1.9.2019
ItemisationPrice
Opening fee, credit amount EUR 2,000–5,000125,00 €
Opening fee, credit amount EUR 5,001–12,000175,00 €
Opening fee, credit amount over EUR 12,000200,00 €
Opening fee, credit amount over EUR 25,000300,00 €
Account management fee per month, automatic debiting4,50 €
Account management fee per month, e-invoice4,50 €
Account management fee per month, without automatic debiting7,00 €
Copies of receipts and invoices per copy10,00 €
Raising fee100,00 €
Lengthening of repayment time, over 14 days5,00 €
Balance or interest statement on request10,00 €
Payment reminder5,00 €

General information

  • You can have 2,000 - 50,000 euros of FlexiCredit.
  • You can apply for a loan conveniently online.
  • You can apply for a loan online with Nordea's access codes. The money will be paid to your account after you have been granted the loan (Mon - Sun 7.00 - 22.30).
  • When you apply for a loan online, you can get a loan decision immediately after you have filled in the loan application.
  • The interest consists of the reference rate (3 month Euribor) and margin. In addition, the account management fee is charged monthly.
  • As FlexiCredit is an unsecured one-off loan, you do not need any separate security.
  • The repayment schedule can be adjusted according to your life situation.
  • You will find detailed information on the credit on the Standard European Consumer Credit Information form.
  • The credit is granted by Nordea Finance Finland Ltd.

Flexible repayment schedule

FlexiCredit, like its name implies, is a flexible form of credit. You can always keep track of your credit in Nordea Netbank and Nordea Mobile.

  • The repayment schedule is flexible and you can change the monthly payment according to your repayment capacity.
  • You will repay the credit monthly in equal payments. You can choose the monthly due date that is best for you.
  • There is an option for two instalment-free months per year. You can choose any two months to be instalment-free as long as they are not consecutive months. 
  • The minimum loan period for FlexiCredit is 1 year and the maximum is 10 years. If you wish, you can pay extra instalments or pay back the entire credit in one go. You will incur no additional fees for repaying the credit early.
  • You can also apply for a credit raise if you need more FlexiCredit later on. We will set a new repayment schedule for the raised amount.

Standard European Consumer Credit Information

To make comparing easier, the applicant has the right to receive the key information on the credit on a Standard European Consumer Credit Information form before signing the credit agreement. The information on the form may be calculated with the details given by the customer or on typical values. The form on this page is calculated with typical values, which means that a typical euro amount for this credit type is applied.

The form specifies the lender's contact information, the main features of the credit product, the costs, other important legal aspects and, if needed, the additional information required for distance selling. The information on the form may be binding or unbinding on the lender. A binding form requires a positive credit decision. 

You will find detailed information on the credit on the Standard European Consumer Credit Information form (pdf, 114 KB)Opens new window

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 8.4% and a 107-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 12,1% (April 2022). The total sum of the credit and credit costs is 12 792,90 euros and the number of loan payments is 107. 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 5.4% and a 92-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 9,1% (April 2022). The total sum of the credit and credit costs is 10 968,25 euros and the number of loan payments is 92. 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 2.4% and a 81-month loan period, the annual percentage rate of charge on a FlexiCredit of 8,000 euros is 6% (April 2022). The total sum of the credit and credit costs is 9 707,58 euros and the number of loan payments is 81. 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.

Apply for a loan online

Apply now Opens new window