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Car loans

Good terms for car loans for buying a new or used car.

5000x5000_billan_bg
  • Up to 100% financing

  • Up to 10 years’ repayment period

Calculate and apply for a car loan

How much does a car loan cost?

How much the car costs, what you have in equity and how a repayment period you want all affect how much the car loan will cost you. You can easily use the car loan calculator to calculate what it will cost you.

Car loan calculator

Price example, Green Car loan

Nominal interest rate 6,24 %, eff. Interest rate 8,16 %, NOK 150 000 o/5 years. Annuity loans NOK 150 000 o/5 years. Instalment amount NOK 2 982 per month Cost: NOK 31 401 total: NOK 181 401.

Price list

Billån Ung (Car loans for young adults)

SAGA Car loan

Green car loan

title

Insure your car

Car insurance

We explain vehicle financing

Customer adviser Markus explains how vehicles are financed.

How much can you borrow as a car loan?

You can borrow the entire car sales price, but the size of the car loan you can get depends on your finances. Among other things, your income and expenses, as well as whether you’re buying a car together with someone who can act as a co-borrower, will affect the size of the loan you can get.

Extra peace of mind with Sikret Billån® (secured car loan)

If you should lose your job, be temporarily laid off or become incapacitated for work, it can be difficult to make your loan repayments. When you choose Sikret Billån® (secured car loan), your loan comes with payment insurance which can cover repayments for you should unforeseen circumstances arise. This gives you and your family peace of mind.

Sikret Billån® (secured car loan) can be taken out by borrowers aged 18 to 63 years of age, who are working or who are self-employed.

Remember to tick Sikret Billån® in the application form if you would like this option, or contact us for more information.

FAQ

When do I need a pre-qualification letter?

A pre-qualification letter or loan confirmation is a confirmation from the bank of the desired loan requirement so you can act quickly when you find the car you want to buy. The loan confirmation is valid for 3 months.

A loan confirmation is great to have if you are unsure about which car to buy, but want to know if you can get a loan.

Apply for a pre-qualification letter here. You can also log in to the online bank and apply there.

There is a charge on the car, what should I do?

We always release the charge and pay any remaining balance to the seller. If the charge is larger than the loan, the seller must first pay the amount that exceeds the loan and send confirmation to us. We then settle the outstanding debt.

How much can I borrow as a car loan?

You can borrow a maximum of 100% of the sales price stated on the purchase contract.

Is there any limit associated with the age of the car?

The car cannot be more than 15 years old when it is paid off. For example, if you buy a 10-year-old car, you can only repay it over 5 years.

I’m going to buy a car from someone I live with, can I get a car loan?

No, unfortunately we cannot offer a car loan when the buyer and seller live at the same address. This is because we cannot use the car a security under such an arrangement.

How do I convert a loan confirmation to a loan?

You will find your loan confirmation under “My loans and credit cards” in the online bank. Click the gear icon and select “change”. Enter the correct price, registration number and information about the car. Remember to re-submit your form. It is important that you sign the loan documents before you re-register and take possession of the vehicle.

To upload a purchase contract, go to “Banking and loans” - “My loans and credit cards”. Click the gear icon and “Loan details”. Further down on the side, you will see “submit signed purchase contract”.

How do we make settlement in a situation like this?

When DNB Finans has received all of the signed documents, as well as a copy of the signed purchase contract and the correct copy of confirmed proof of identity, the loan will be paid to the seller provided there is no charge on the car. Confirmation to the seller can be found with the loan documents.

The loan will be transferred to the seller when the car is registered to a new owner. Car loan Set up can help confirm this to the seller.

Can I apply for a loan for other items than a car?

Yes, for example a boat or a motorcycle. It must be possible to register the secured item in the Brønnøysund Register or the Ship Register if the boat is over seven metres long. Contact us about loans for other items such as lorries, tractors and excavators.

Ta kontakt for finansiering av andre gjenstander.

I have a car loan with another bank, can I move it DNB?

No, unfortunately we do not offer transfers of car loans from other banks.

I have a car without any charges – can I take out a loan using it as security?

No, unfortunately it is not possible to take out a loan secured on a car you already own.

See more on help and guidance

Loans to vehicles

  • Billån Ung (Car loans for young adults)

    For people under 34 years old

  • Green car loan

    For zero-emission vehicles

  • SAGA Car loan

    For SAGA customers

  • Mobile home loans

    For a new or used mobile home

  • Boat loans

    For new and used boats

  • Camper van loans

    For a new or used camper van

  • Motorcycle loan

    For motorcycles, mopeds and ATVs