Looking for a car loan?
- Have up to 12 months to draw down your loan
- Work out your loan online (90% of our customers apply for their loan digitally)
- Even if you’re not yet a customer with us
Whether you’re looking for a car loan for a new, second-hand or 100% electric car, KBC has a variety of car loans available. 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 car* |
Second-hand car*
|
100% Electric car* |
| Calculate at 4.65%* | Calculate at 3.45% | |
|
|
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| Borrow up to 110% of the cost of the vehicle to help cover the cost of extras like a tow bar | Choose partial or full financing | Borrow up to 110% of the cost of the vehicle and finance the purchase of your charging station too |
| More information | More information | More information |
Our KBC Touch and KBC Mobile apps let you easily work out and apply for your car loan. You get the same low interest rate as you would at our branches.
* Representative example new car loan
* Representative example loan for a second-hand car
* Representative example loan for an electric car
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.
When you take out your car loan, you’ll also receive a schedule showing how much you pay each month during the full term of the loan. That way, you know how much you've already paid off at any time.
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 your monthly repayment right away. If you’re happy with the proposal, you can apply for your loan online immediately, 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 means 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 afford to pay back 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 choose what you prefer 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** |
** only for cars not more than three years old
A new car quickly depreciates in value, so we recommend keeping the term of your loan as short as possible. 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 damaging or writing off your vehicle in an accident. 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, however, limit that risk by taking out comprehensive insurance at KBC.
Your car loan will be paid to you:
- When your car is delivered
- After KBC receives the relevant signed documents and proof of investment (order form or invoice)
- By crediting the account from which your monthly repayments 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 initial 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 repayments scheduled for the 25th of the month.
Account for repaying the loan
If you already have a current account at KBC, 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 into which the loan was paid.
If you don't have an account at 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.
Example:
The cost of a new car can easily reach 20 000 euros. If you take out a loan at an interest rate of 3.65% to buy it, you’ll pay 698 euros in interest over 36 months, which means you’ll save 698 euros if you opt for interest-free loan. But as mentioned above, the chances of getting any additional discounts are slim. You should definitely look into this, because dealers often offer discounts of 3 to 19%. In this example, that would amount to a discount of between 600 and 3 800 euros. In other words, you may be saving money when you opt for a standard car loan.
When you declare your work-related expenses, you can claim the interest on your car loan against your tax.
We’ll be happy 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.
