Car loan
There are plenty of good reasons to buy a new car – whether you are looking for something bigger, something smaller, or simply want to replace your current one. Whatever your reason, we are here to make the process enjoyable.
Calculate your loan repayments
With equal payments, the borrower pays approximately the same amount on each due date.
Older cars
Whatever your reason for choosing a car, we understand. That is why we now offer 100% financing on older cars.
Dreaming of an electric car?
More flexibility
You can finance up to 80% of the car’s value. If you are buying an electric car, you can apply for an electric car grant.
Simply easier
You can choose a loan term of up to 96 months.
A simple process
Once you find your dream car, you can ask the dealership to send us a loan application on your behalf.
Good to know
Finance up to 85% of your car's value
We can cover up to 85% of the car’s value with an non-indexed loan for up to 8 years.
You can change your mind
Switching vehicles? You can move your loan to your new car and even top it up if needed.
What matters to you matters to us
We also offer loans for motorcycles, recreational vehicles and everything in between.
No early repayment fees
Make extra down payments or clear the loan whenever it suits you. There are no early repayment fees.
You choose your insurer
All financed cars must be fully insured (that includes comprehensive insurance) but where you insure it is entirely up to you.
Digital credit assessment
If the loan amount, including all cost, is over ISK 3.170.520 or ISK 6.341.040 for couples, a full credit assessment will be required.
Can I make extra down payments?
You can reduce your monthly payments by making extra down payments whenever you like. It's quick, easy, and free.
Read more
Is your dream car eligible for a loan?
We want to help you buy your dream car, but there are a few simple things to keep in mind before you apply for a loan. These include the age and value of the car and how much you want to borrow.
Read moreFAQS
Always happy to help
Our priority is to understand your needs and provide you with expert advice and exceptional service. Our team responds quickly to emails, and you are always welcome to reach out by phone or drop by during opening hours.