Car loan

Car loan

Car loan

  • Loan amount from €2 000 to €20 000
  • Fixed interest rate throughout the loan agreement period
  • €0 loan agreement fee*

* The offer is valid for the loan applications submitted from 01.06. to 31.08.2024.

Car loan or leasing?

Thinking of buying a car or a motorcycle? With Luminor, the road is wide open!

- Annual interest rate from 7.9 %
- Loan agreement fee 1.5 % from loan amount (min €60)
- Loan repayment term from 12 to 84 months
- No down payment required
- For your peace of mind - loan payment insurance

Car loan

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
1 year
7 years
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.
Car Loan
Financing for the car purchase without a down payment and no car age limit
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 7.9% per year, for environmentally friendly cars – from 6.9% per year
Interest rateFrom 2.24% + 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
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
Representative example: Financial leasing

Car price Down payment Leasing amount Repayment term Variable interest rate Commitment fee for transaction execution Total repayment amount Monthly instalment Annual percentage rate (APR)
€24,000 €2,400
(10 %)
€21,600 60 months 5.90 %* €360** €25,354.80 €416.58 6.80 %
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 (3.66 % as of 15.07.2024), margin 2.24 %
** 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

Requirements to apply

  • You are over 18 years of age
  • Your regular, officially proven income is at least EUR 510 per month (after taxes)


  • Loan application
  • Passport or eID card
  • We’ll inform you if we need any additional documents