Looking to borrow for your hybrid car?
- Benefit from our top loan rate
- Borrow up to 110% of the cost of cars less than three years old
- Work out and arrange your loan online (even if you’re not a customer with us)
Whether you’re looking for a loan to finance a new plug-in hybrid car or one that’s a few years old, KBC has the car loan for you. If you’re still unsure which loan is best suited to the car you have in mind, we’ve provided a handy comparison of our car finance options below.
KBC has the right car loan for every type of vehicle
New plug-in hybrid car*
Calculate at 3.35%
Emits less than 50 grams of CO2 per kilometre
Borrow for up to 84 months
Borrow up to 110% of the cost of the vehicle
Get the same rate online as in-branch
Second-hand plug-in hybrid car not more than 3 years old*
Calculate at 3.35%
Emits less than 50 grams of CO2 per kilometre
Borrow for up to 72 months
Borrow up to 110% of the cost of the vehicle
Get the same rate online as in-branch
Second-hand plug-in hybrid car over 3 years old*
Calculate at 4.65%
Emits less than 50 grams of CO2 per kilometre
Borrow for up to 60 months
Get the same rate online as in-branch
Did you know that you can easily work out and apply for your car loan in KBC Touch or KBC Mobile? Get the same low rate online as you would at your branch.
* Representative examples
New plug-in hybrid car
Second-hand plug-in hybrid car not more than three years old
Second-hand plug-in hybrid car over three years old
Car loan for a new plug-in hybrid car
There are times when you need a new car sooner than you thought. Perhaps your current car is no longer reliable, you require a vehicle for a long commute, or your family situation has changed and you now need more space. Whatever the reason, you can apply quickly and easily online for a loan at %%bank% to finance your new car.
Quickly calculate the fixed monthly amount for your car loan online with %%product.mobilebanking%% or %%product.touch%%, and if you’re happy with our rate, simply complete your application online.
Car loan for a second-hand plug-in hybrid car
If you’re planning to buy a second-hand car*, you have several financing options. You can pay the full amount out of your savings, opt for full financing or use a combination of both. Whatever your situation, there’s a tailored solution available. We’re happy to explain all the differences:
Partial financing: One approach is to sell your previous car and use that money to partly cover the cost of your new car. You can then borrow the remaining amount you need.
Full financing: If you’d prefer not to use that money or you’d like to spread out your payments, you can: it’s possible to pay for your second-hand car with full financing, which covers the total purchase price including VAT.
As you can see, there’s always a solution to suit your financial situation and preferences.
* A second-hand car is one registered for the second time and has at least 1 000 kilometres on the clock.
A fixed-rate car loan
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 term of the loan.
Crunch the numbers with our car loan calculator
If you know how much you need to borrow, you can work out the monthly payments on your loan using our calculator. The amount you repay each month depends on how much you want to borrow 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 guide to choosing the best repayment plan for you.
Discover our Car Loan Plus
After a new car, but want to budget for it in a different way than you would with a traditional loan? Sounds like you should take a look at our Car Loan Plus, a type of balloon loan.
- For all types of car not more than three years old
- Worth considering if you change cars every few years
- You pay less per month and a larger lump sum at the end
- You can dip into your savings or sell your car* to make this lump-sum payment
With this loan, you pay a smaller amount each month and decide how to pay off the balance at the end of the term either using your savings and keeping the car, or selling* the car and using that money to pay what’s still owed.
* Important: your car may be worth less than what you still have to pay.
Learn more about borrowing for a car:
A car loan from KBC allows you pay for your new or second-hand car in monthly instalments. You choose how much you borrow and for how long. Thanks to the fixed rate of interest, you always know exactly what you’ll have to pay each month. This ensures you’ve got total control over your budget.
You can work out your car loan in just a few clicks. Enter the amount you need, choose the term and see right away what you’ll have to pay each month. If you’re happy with the proposal, you can immediately apply for your loan online, even if you’re not a customer with us.
How much you can borrow depends on your personal situation. We take a look at your income, expenditure and the amount you need for your car. When you work out your loan online, you’ll immediately see what’s possible for your budget.
The APR, or annual percentage rate of charge, shows you the total cost of your loan per year. This way you know exactly where you stand, with no surprises.
The best term for you depends on how much you want to borrow and how much you can do without each month. The longer the term, the less you'll have to pay each month and the easier it will be to pay off the loan. The shorter the term of your loan, the more you'll have to pay each month, but you'll pay it off sooner and also end up paying less interest. At KBC, you decide what you want to do.
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* |
| up to 50 000 |
84** |
* only for cars not more than three years old
** only for brand-new cars registered for the first time or with no more than 1 000 kilometres on the clock
Your car loan will be paid to you:
- When your car is delivered
- After KBC receives the relevant signed documents and proof of investment (purchase order or invoice)
- By crediting the account from which your monthly payments will be made
You start paying off your car loan one month after it is paid to you. All subsequent payments are made on the same day of the month on which you made the first repayment.
Example illustrating when repayment is to made
Suppose KBC makes your loan available to you on 25 March. You will then start repaying your loan on 25 April, with all subsequent payments scheduled for the 25th of each month.
Account for repaying the loan
If you already have a current account with KBC, you can repay your loan from that account provided you're the sole or joint holder of it.
The account for repaying the loan must be the same as the one into which the car loan was paid.
If you don't have an account with KBC, you can also pay off your loan by direct debit from the account you hold at another financial institution.
If you see a dealer offering an interest-free car loan, pay close attention to the terms and conditions – you often have to pay a higher deposit or you’re restricted to a limited range of models. Read the article below to learn the best way to critically examine the fine print. The clear rate and transparent terms of a car loan with KBC mean you immediately know where you stand.
As a private individual, you can choose between claiming a flat-rate deduction or declaring your actual work-related expenses in your tax return.
If you opt for the flat-rate deduction, you don't have to declare any expenses. However, if your actual work-related expenses are higher, it may be more beneficial to submit them instead.
In that case, the interest on your car loan is also tax deductible, but only to the extent you use your car for work purposes. In addition, the tax authorities provide a fixed allowance of 0.15 euros per kilometre if you use your car to travel to and from work and depreciate it.
We’re here to help. Our web page on how to go about selling your car provides a list of tips and things to remember, such as a model contract of sale.
A ‘balloon loan’ is a loan where you pay a lower amount each month until you come to the end of the term, when you make a larger lump-sum payment (i.e. the remaining amount owed). You decide whether you want to pay it out of your savings or by selling your car.
Important: make sure you have enough funds in reserve to pay the amount concerned at the end of the term if, say, your car is worth less than expected.
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