Looking to borrow for your electric car?
- Calculate your loan at our sharp rate
- Borrow up to 110% of the cost of the vehicle and finance the purchase of your charging station too
- Work out and apply for your loan online (even if you’re not a customer with us)
Fixed-rate car loan
The interest rate on your car loan never changes. That means you are sure to repay the same amount every month for the full term of your car loan.
When you take out your car loan, you also get a breakdown of the monthly repayments for the full term of your loan. That way, you know how much you've already paid off at any time.
Car loan calculator
If you know how much you want to borrow, you can easily work out your monthly repayments with our car loan calculator. The amount you repay each month depends on the amount borrowed and the period over which you wish to repay the loan.
If you need help working out what period to repay the loan over, see our guidelines to choosing the best repayment plan for you.
Why purchase an eco-friendly car?
Do you want to do your bit for a more liveable world, while still being able to get around freely? Then electric, plug-in hybrid or CNG cars are the answer. Although more environmentally friendly vehicles offer lots of benefits, they can often be expensive.
Make your ecological dream come true and finance your purchase with an ecological or car loan. It lets you spread the cost over time. That way, the overall cost is more manageable and you can live up to your resolutions.
Pros and cons of each engine type
Thinking about buying an ecological car? Great! It's a good idea then to carefully weigh up the pros and cons of each engine type before you decide. We’ve set them out for you below.
| Pros | Cons | |
| 100% electric |
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| Electric + range extender |
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| Plug-in hybrid |
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The term that's right for you depends on how much you want to borrow and amount you can spare every month. The longer the term, the lower the monthly repayment and the easier it will be for you to repay the loan. If you borrow for a shorter term, you have to repay more each month, but the loan will be paid off faster and as a consequence, you pay less interest. At KBC, you can choose the term yourself.
There are a few legal constraints that apply to the term of a loan These are automatically built into the loan calculator.
| Amount borrowed (in euros) |
Maximum term (in months) |
|---|---|
| Up to 2,500 | 24 |
| Up to 3,700 | 30 |
| Up to 5,600 | 36 |
| Up to 7,500 | 42 |
| Up to 10,000 | 48 |
| Up to 15,000 | 60 |
| Up to 50,000 |
72 |
Vehicles quickly lose value, so KBC recommends keeping the term of your loan as short as possible. New drivers often haven't taken out any other loans, but are statistically more likely to incur claims or even a write-off. If that happens, bear in mind that you'll no longer have a car, but the loan repayments will continue. You can limit that risk with comprehensive insurance offered by KBC.
If you prove your actual professional costs, you can claim the interest on your car loan against your tax.
You’re paid your car loan
- When the car is delivered
- After KBC receives the relevant signed documents and proof of investment (invoice or order form)
- To the account from which your monthly repayments will also be made
The repayment of your car loan starts one month after the loan amount is paid to you. All subsequent repayments are made on the same day of the month as the initial repayment.
Example of repayment times
If KBC makes the amount of your loan available on 25 March, you start repaying your loan on 25 April. All subsequent repayments will always be due on the 25th day of the month.
Repayment account
Already have a current account with KBC? Then you can repay the loan through that account, if you hold that account solely or jointly in your name.
The repayment account is the same as the one to which the car loan is paid.
No account with KBC? Repayments can also be made by direct debit from your account with another financial institution.
We’ll be happy to help you. Go to our web page on selling your car to find a list of tips and things to bear in mind, including a sales contract model for your vehicle.
Did you know it's easy to calculate and apply for your car loan in KBC Touch or KBC Mobile? You get the same low interest rate as you would at our branches
