https://www.citadele.ee/en/private/autocredit

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Car loan

Up to 20 000 EUR without first instalment and CASCO

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Individually calculated offer

Apply online and get an offer within 20 minutes

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Financing of up to 20 000 EUR

Choose the most suitable loan period up to 5 years

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Wide options

Purchase with no deposit, collateral or security

Car loan calculator

Calculate and find out your monthly payment

1000 EUR
20 000 EUR
6 months
84 months
Annual percentage rate: 18.55 %
Agreement fee: 100.00 EUR
Interest rate: 9.90 %
Total amount payable: 5247.82 EUR
Monthly payment
857.97 EUR
Loan schedule
The calculations made using the calculator are informative and each client's situation is assessed individually.

Plan on purchasing a car?

A good car doesn’t wait around, so we’ll help you buy it straight away. You can pay it off over a longer period of time.

  • No deposit and collateral
  • No car age limit, valuation or CASCO
  • Repay within up to 7 years with annual interest rate from 9.9 %*
Apply
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3 steps to your chosen car

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Apply

Fill in an application on the website
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Sign the agreement

Receive the money in your account within a few minutes
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Buy your car

Select any car without age limits
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Apply

Fill in an application on the website
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Sign the agreement

Receive the money in your account within a few minutes
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Buy your car

Select any car without age limits

Didn’t find the answer to your question?

Visit our interactive assistant and find the information you need

Interactive assistant
How does the bank evaluate my creditworthiness?

Credit rating is formed by evaluating and summing up various criteria according to a special formula - credit history, income and expense ratio, length of service in the current job, type of income source and other factors. Each customer is getting an individual credit rating. Based on this, the bank determines the level of a person's creditworthiness, the available interest rate and the available lending services.

If a person applies for a consumer loan, the bank checks the submitted data. It checks the client's income indicated in the questionnaire, and it is evaluated whether late payments have been registered. If the debt was more than two years ago, the credit rating will be better than for a recent debtor or an existing debtor. This means that everyone can improve their creditworthiness by paying off their debts.

What can be done to improve your credit rating?

Payment discipline - timely payment of credit payments and bills - is essential for building good creditworthiness. Therefore, even if you have a payment delay, you can change this habit and improve your credit rating. Creditworthiness will also be improved by settling already overdue payments. Even if a person has been registered for late payment in a debt collection database, it is important that these obligations are closed at the time of the credit review. The status of an active debtor at the time of the loan review is much worse than the situation if you have had late payments, which are currently paid.

An important aspect is a stable, official and regular income. A workplace with several years of service will improve your credit rating, but it will also be a good credit rating if you have passed the novitiate period at work and have been working for some time. It is better to wait and not take credit during the novitiate period. By the way, Citadele customers who have been transferring their monthly income to Citadele's account for more than three months can receive a consumer loan with a reduced rate.

Can I get a consumer loan if my income is transferred to another bank?

1. Yes, you can get a consumer loan regardless in which bank you receive your monthly income, and even if you are not yet a Citadele customer.

What should I do if, for serious reasons, I am having difficulties repaying my consumer loan/car loan/credit limit?

If you have come into serious difficulties regarding the repayment of consumer loans, and it is not possible to make amendments within the existing loan agreement, we offer you the option of consulting with us on your loan agreement and selecting a debt repayment contract.

Will monthly loan payments be deducted automatically?

The monthly payment from your Citadele bank account will be deducted automatically, but by the date of payment, it must be ensured that the required amount of money is available in the account.

How is the credit rating set?

As elsewhere in the world, Citadele determines a person's credit rating by evaluating and summing up various criteria according to a special formula.

  • No delays for loan and other monthly payments;
  • Official income level, stability
  • Monthly payment volume comparing to income level

These are the main criteria on which a good credit rating is based on, therefore allows to get a loan with a lower interest rate. Credit rating is also positively affected by age. Over the years, people become more responsible and can get a better loan offer from the bank.

What are the most common reasons, why people can't get consumer loan?

In about 30% of cases the reason for rejection is late payments, which are registered in one of the registers. In another 30% of cases, the consumer loan is denied because of insufficient income level for additional obligations. It is important to be aware that only official income is taken into account. In another 25% of cases, the deny of a consumer loan issuing is related to the fact that a person already has too many loans.

More questions
How does the bank evaluate my creditworthiness?

Credit rating is formed by evaluating and summing up various criteria according to a special formula - credit history, income and expense ratio, length of service in the current job, type of income source and other factors. Each customer is getting an individual credit rating. Based on this, the bank determines the level of a person's creditworthiness, the available interest rate and the available lending services.

If a person applies for a consumer loan, the bank checks the submitted data. It checks the client's income indicated in the questionnaire, and it is evaluated whether late payments have been registered. If the debt was more than two years ago, the credit rating will be better than for a recent debtor or an existing debtor. This means that everyone can improve their creditworthiness by paying off their debts.

What can be done to improve your credit rating?

Payment discipline - timely payment of credit payments and bills - is essential for building good creditworthiness. Therefore, even if you have a payment delay, you can change this habit and improve your credit rating. Creditworthiness will also be improved by settling already overdue payments. Even if a person has been registered for late payment in a debt collection database, it is important that these obligations are closed at the time of the credit review. The status of an active debtor at the time of the loan review is much worse than the situation if you have had late payments, which are currently paid.

An important aspect is a stable, official and regular income. A workplace with several years of service will improve your credit rating, but it will also be a good credit rating if you have passed the novitiate period at work and have been working for some time. It is better to wait and not take credit during the novitiate period. By the way, Citadele customers who have been transferring their monthly income to Citadele's account for more than three months can receive a consumer loan with a reduced rate.

Can I get a consumer loan if my income is transferred to another bank?

1. Yes, you can get a consumer loan regardless in which bank you receive your monthly income, and even if you are not yet a Citadele customer.

What should I do if, for serious reasons, I am having difficulties repaying my consumer loan/car loan/credit limit?

If you have come into serious difficulties regarding the repayment of consumer loans, and it is not possible to make amendments within the existing loan agreement, we offer you the option of consulting with us on your loan agreement and selecting a debt repayment contract.

Will monthly loan payments be deducted automatically?

The monthly payment from your Citadele bank account will be deducted automatically, but by the date of payment, it must be ensured that the required amount of money is available in the account.

How is the credit rating set?

As elsewhere in the world, Citadele determines a person's credit rating by evaluating and summing up various criteria according to a special formula.

  • No delays for loan and other monthly payments;
  • Official income level, stability
  • Monthly payment volume comparing to income level

These are the main criteria on which a good credit rating is based on, therefore allows to get a loan with a lower interest rate. Credit rating is also positively affected by age. Over the years, people become more responsible and can get a better loan offer from the bank.

What are the most common reasons, why people can't get consumer loan?

In about 30% of cases the reason for rejection is late payments, which are registered in one of the registers. In another 30% of cases, the consumer loan is denied because of insufficient income level for additional obligations. It is important to be aware that only official income is taken into account. In another 25% of cases, the deny of a consumer loan issuing is related to the fact that a person already has too many loans.

More opportunities

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Consumer loan

Financing up to 20 000 EUR to help with your plans. Apply and receive an answer within 20 minutes.
Learn more
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Home purchase loan

We finance up to 95 % of your home’s value with KredEx guarantee.
Learn more
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Leasing

Quick and easy application. Down payment starting from 10 %.
Learn more
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X cards

Most convenient cards for everyday needs, as well as for shopping and travels.
Learn more
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Home energy efficiency loan

Financing of up to 20 000 EUR for the purchase of solar panels. Apply online and receive a reply within 20 minutes.
Learn more

* The calculations made using the calculator are of an informative nature and each client's situation is assessed individually. The initial annual percentage rate is 13.29% on the following sample: amount of credit 2000 EUR, interest rate 11% per year (fixed rate), contract fee 50 EUR, period 48 months, monthly payments 51.87 EUR, total amount of repayment 2539.76 EUR.

This is the website of the financial service providers AS Citadele banka Estonian branch, SIA Citadele Leasing Estonian branch ja OÜ Citadele Factoring. We advise you to carefully read the terms and conditions of our service before entering into a contract and consult an expert, if necessary. Citadele does not provide a credit advisory service for the purposes of the Creditors and Credit Intermediaries Act. The borrower makes the decision of taking out a loan, who assesses the suitability of the loan product and contractual terms to his/her personal loan interest, need and financial situation on the basis of the information and warnings presented by the bank and is responsible for the consequences related to concluding the agreement.