We finance up to 80% of the purchase price for a term of up to 8 years and offer better terms for the purchase of electric cars.
Log in with your electronic ID to authorise the Bank to collect the data required for the credit assessment. Married and cohabiting couples are assessed together, so both parties must have electronic ID.
A credit assessment is only necessary if the loan amount exceeds ISK 2,700,000 for an individual or ISK 5,400,000 for a married or cohabiting couple.
You find the car that's right for you and we'll help you find the right financing. Car dealerships and salespeople can apply electronically once you have selected a car.
The older the car, the shorter the maximum loan term. The combined loan term and age of the car may not exceed 12 years. The car may not be more than 9 years old.
| Maximum financing | Maximum loan term | Maximum age of vehicle | |||
|---|---|---|---|---|---|
 | Cars | 80% | 8 years | 9 years | |
 | Recreational vehicles | 75% | 8 years | 9 years | |
 | Motorcycles and snowmobiles | 70% | 5 years | 5 years | |
* We do not grant loans secured by off-road or racing vehicles or any vehicles intended for off-road use. Contact us or check your credit limit in the app. | |||||
Applying for access to online banking and the app, creating an account and getting a debit card is a matter of minutes.
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