Loan for a second-hand car

Loan for a second-hand car

Super sharp rate

Take out your loan now at an extra sharp 3.95%* instead of 4.95%!

Get up to 100% financing

You can borrow the full purchase price of the second-hand car you're buying, so you can keep your money for other things.

Keep your savings for a rainy day

With a second-hand car loan, there's no need to draw on your savings or sell any investments prematurely. So, your savings stay intact and you're always sure of having funds available to cover any unexpected costs.

Pay a fixed rate of interest with no hidden surprises

The interest rate on your car loan never changes. That means you can be absolutely certain your monthly repayments remain the same for the entire duration of the loan. When you take out a car loan, you’re given a repayment schedule you can use at any time to check how much you have already repaid.

Get up to 100% financing

Autolening tweedehands auto

With our second-hand car loan (an instalment loan), you can borrow the full purchase price of the vehicle, including the VAT charged. But if you’d rather pay part of the purchase price yourself, that’s fine too. In that case, we'll simply finance the balance. When calculating how much a car loan will cost you, you can choose the desired amount yourself.

Repay the same amount every month

Working out how much a car loan will cost is easy

If you first want to figure out how much you'll need to pay each month and for how long, no problem! Just go online to our fast, easy car loan calculator.

Fill in the amount of the bill and how much you want to borrow and, in a few seconds, the calculator will suggest a monthly instalment amount. Just change the repayment period or loan amount to calculate a new repayment schedule that suits you.

Choose the right term

The best term for you will depend on how much you want to borrow and how much you can spare each month. The longer the term, the less you'll have to repay each month and the easier it will be to pay off your loan. The shorter the term of your loan, the more you'll have to repay each month but you'll pay it off sooner and consequently pay less interest. At KBC, the choice is in your hands. 

There are a few legal limits that apply to the term of a loan: these are automatically built into the car loan calculator. 

Amount borrowed
Maximum term
up to 2,500 euros 24 months
up to 3,700 euros 30 months
up to 5,600 euros 36 months
up to 7,500 euros 42 months
up to 10,000 euros 48 months
up to 15,000 euros 60 months
up to 50,000 euros 72 months

Since a new car quickly depreciates in value, our advice is not to take too long to repay the car loan. As a novice driver, it's often the case that you haven't taken out any other loans, but you are more at risk statistically of incurring claims or even a total loss on the vehicle. It's worth remembering that, while you've lost your car in this scenario, you will have to continue paying off your loan. You can take out KBC Car Loan Comprehensive Insurance with us to limit that risk.

Tax return

When substantiating your professional expenses, you can include the interest paid on your car loan for tax purposes.

When do you get your loan?

You are paid your car loan:

  • When your car is delivered
  • Once we have received the relevant signed documents and proof of investment (order form or invoice) from you
  • To the account from which your monthly repayments will be made

When do you start repaying your loan?

You start making your car loan repayments one month after the loan is paid to you. All subsequent monthly repayments will take place on the same day of the month as the initial repayment.


So, if for example your loan is made available on 25 March, then your loan repayments start on 25 April, with remaining repayments scheduled for the 25th of every month.

Account for repaying the loan

If you already have a current account with us, you can repay your loan from that account provided you're the sole or joint holder of the account. The account for repaying the loan must be the same as the one used for disbursing it.

What if you can't repay your loan?

When do you start repaying your loan?

Representative example: for an instalment loan of 10.500 euros to be repaid over 60 months at a fixed annual debit rate and annual percentage rate of charge of 3,95%, you pay 60 instalments of 192,81 euros per month or 11.568,39 euros in total. Rate applies on 05-01-2016 for an instalment loan used to finance a second-hand car more than two years old. The vehicle must be bought by a private individual.


Attention, borrowing money also costs money

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