Car loan

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Private

Loan for purchasing a car

Comprehensive insurance is not required
The age of the car is not important
The car belongs to the buyer
The car can be sold at any time without notifying the bank

Car loan can be taken out to finance the purchase of a car if leasing a car is not possible, or to cover other expenses associated with your car.

Submit application

Contact

Customer service

665 5100

Client executives

Skype seb.eesti

E-mail

info [at] seb [dot] ee

Terms and conditions
Loan amount	EUR 320-9600. The surety of a private person is required for loans of EUR 6400 and over. The maximum loan amount depends on your income and existing obligations.
Interest rate	13–22% We charge you less interest on your car loan if you take out loan protection against temporary loss of employment or incapacity for work when you take out the loan select an SEB Plan that contains the relevant discount
Agreement fee	As shown in price list
Term	Up to four years
Loan repayment:	You can repay the loan in fixed monthly payments on the date selected by you.

Annual percentage rate as a typical example

The annual percentage rate of a car loan is 18,46% per year under the following sample conditions: loan amount €5000, repayment deadline 4 years, agreement fee €75, interest rate 16%.

How to apply

The easiest and quickest way is to fill in a car loan application in the Internet Bank.

You can also submit a paper copy of your car loan application to your nearest SEB branch.

If you are using the surety provided by a private person as loan collateral, you must also submit:

the surety provider’s passport or ID card;
the surety provider’s personal data sheet on the form provided by the bank (EST);
the surety provider’s bank statement for the last six months if their salary is not paid to an account in SEB.

We will quickly inform you of our decision. We usually make our decision in three business days if we have all the necessary data.

Requirements for applicant

You can apply for a car loan if

you are an adult citizen of the Republic of Estonia or hold a long-term residence permit; and
your net income is at least EUR 320 per month.

You do not have to be an SEB client to apply for the loan. Submit your bank statement for the last six months if your salary has not been paid to an account in SEB.

Surety

You need the surety of at least one private person if the amount you want to borrow exceeds EUR 6400. The surety provider’s net income must be at least EUR 320 per month.


1. Agreement fee
- private individual
consumer loan	1,5% of the loan, min EUR 31.96
mortgage loan	1% of the loan amount, min EUR 95.87
housing loan	1% of the loan amount, min EUR 191.73
endowment loan	0,75% of the loan, min EUR 31.96
overdraft	1% of the credit limit, min EUR 6.39
student loan	free of charge
limit loan	1% of the loan limit, min EUR 95.87
SEB Hire-Purchase	EUR 18.85
- legal entity
overdraft	1% of the credit limit, min EUR 63.91
working capital loan	0,5% – 1% of the loan, min EUR 63.91
investment loan	1% of the loan, min EUR 63.91
investment loan for apartment associations	1% of the credit limit, min EUR 63.91
- sole proprietor, farmer
- overdraft	1% of the credit limit, min EUR 31.96
- working capital loan	1% of the loan, min EUR 31.96
- investment loan	1% of the loan, min EUR 31.96
2. Fee for changing of contractual terms
- private individual
consumer loan, mortgage loan (1)	up to 1% of the remaining loan, min EUR 31.96
housing loan, endowment loan (1)	up to 1% of the remaining loan, min EUR 63.91
overdraft (1)	1% of the loan limit, min EUR 6.39
limit loan (1)	up to 1% of the loan limit, min EUR 31.96
amending the student loan repayment schedule starting from second amendment	EUR 6.39 (2)
- service fees applicable to all the loan products for private individuals except student loan
- change of the current account(s) related to the loan	EUR 12.78
- change or replacement of the co-borrower	EUR 127.82
- change of the paying day once a year	free of charge
- change of the paying day starting from the second change of the paying day within one year	EUR 12.78
- grace period for the principle amount of the loan in connection with childbirth	free of charge
- legal entity	0,5% - 1% of the loan/credit limit, min EUR 63.91
- sole proprietor, farmer	0,5% - 1% of the loan/credit limit, min EUR 31.96
3. Replacement of collateral
- private individual
change of collateral by way of notarial or non-notarial transaction	EUR 127.82
- legal entity
change of collateral by way of notarial transaction	EUR 127.82
change of collateral by way of non-notarial transaction	EUR 63.91
- sole proprietor and farmer
change of collateral by way of notarial transaction	EUR 63.91
change of collateral by way of non-notarial transaction	EUR 31.96
4. Contractual penalties
- contractual penalty for violating an obligation of the loan contract	up to 5% of the remaining loan at the moment of the violation of the obligation
- contractual penalty for failure to produce the insurance policy of the collateral property	EUR 31.96 / per month
5. Redrafting of the pledge of movable into mortgage	free of charge
6. Overdraft reminder by mail
- first overdraft	EUR 1.28
- second and third overdraft	EUR 5.11

(1) All amendments to the contract that have not been indicated separately as amendment clauses in the price list
(2) Amendment of student loan schedule due to a grace period (for the time the borrower is engaged in military services or for three years after the birth of a child) - free of charge.

The conventional method of repayment for consumer loans is based on an annuity schedule. An annuity is a fixed-amount payment, consisting of both the loan principal and the interest calculated on the loan balance. When you make your first loan payments, interest represents a greater share of the annuity, but as the loan term approaches, the principal becomes proportionally greater.

Enter the initial loan sum, the term of the loan and the interest rate (percentage of the loan balance per year). An annuity consumer loan repayment schedule will be generated for the entire repayment period by each month. You will see the size of the annuity payment and be able to keep track of the decrease in the principal and size of the interest payments over time.

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Pre-contract credit information

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