Car loans

Whether you are buying a new or used car, you will need a certain amount of money. If you do not have enough money in cash or in your account, a car loan can help you.

Bank car loans

Most banks provide advantageous loans, which can be used for anything, including purchasing a car. At a bank, you can usually borrow even a relatively high amount of money to buy the car of your dreams.

The advantages of bank loans include low interest rates and low instalments, while a disadvantage is that banks have relatively strict requirements regarding income.

Non-bank car loans

Contrastingly, non-bank companies are much more tolerant regarding how much you earn. Many of them also will not check your credit history, and car loans can be approved even for people who have had problems in the past with late repayment of other loans. Non-bank loans are also much faster than loans from banks. For example, you can often receive the money already within 24 hours.