Car loan in Norway (norw. Car Loans) is an attractive form of financing the purchase of a new vehicle. It is true that the earnings in this country are enough to save on a used car in a short time. However, when thinking about making a transaction in a showroom directly with an authorized dealer, it is worth considering making such a commitment.
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A car loan in Norway (Norwegian billån) is an attractive form of financing the purchase of a new vehicle. If you need a new car and want a new car, contact Aneta Musiał. Contact. 47974000
Car loan in Norway
Jis a dedicated banking product. As a form of financing, the purchase of a car is much more attractive than that consumer credit. This is due to two of the most important reasons:
- (interest rate approx. 5%) is cheaper than consumer (interest rate up to 15%),
- may be granted after one year, and consumer - usually after three years.
These reasons make it much more advantageous to enlist a dedicated one car loan in Norwaythan to use other products, both banking and non-banking.
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Conditions
Thinking about car loan in Norway, you should be aware of some basic facts. First of all, Norwegian banks do not finance the purchase of cars older than 13 years. At the same time, not only the age at the time of purchase is taken into account. This rule also determines the period for which it will be allocated credit - e.g. 10-year-old car cannot be repaid by . As a rule, the bank will apply the maximum in this case 3 years old debt repayment period.
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Car loan in Norway. Documents
Going to bank, it is worth taking the required set with you documents. This will allow you to get things done faster. That is why it is worth having with you:
- employment contract,
- lønnslippy from two months,
- tax settlement from the previous year.
For bank it is important that the applicant's income is credit was not lower than 250 thousand NOK gross annually. It is also worth knowing that incurring this type of commitment entails the necessity to buy it INSURANCE, which increases the finally repaid amount. This is why it is generally not advisable to finance in this way purchase of older cars. With a lower value of the vehicle, it may turn out that in terms of costs, a car loan in Norway will be no different from consumer credit.
Also read: Tax deductions in Norway - how to do it?
Other requirements
The above-described issues are not the only conditions that must be met to be able to apply for a loan. First of all, you must have a permanent personal number, have a permanent place of residence in the area Norwayand be more than 20 years old.
How to get?
To sum up - car loan in Norway you will receive it when you turn 20, live in Norway longer than a year and you have both a permanent personal number and a permanent address of residence. Additionally, yours from last year earnings must be higher than 250 thousand NOK gross. This way you can finance the purchase of a new and old car. However, due to the obligation to buy INSURANCE and the age limit, a car loan is the most profitable case youngand the best new vehicles.
Also read: Towing a car in Norway. How to do it legally
If you have questions related to the car loan. You would like to check your creditworthiness or refinance your loan - contact us Aneta He had to. Aneta works as a senior financial advisor in the company Eiendomfinance and provide free assistance in the aforementioned matters.
Aneta Musial tel. 47974000 XNUMX XNUMX
