Car loan calculator

The car loan calculator is handy tool when you are thinking about applying for car financing. Check out OP's car loan calculator and find a suitable car loan for you.

Calculate a suitable loan for you

How much do you need to borrow?
Monthly repayment
-
Loan term
Planned loan term. The maximum recommended home loan term is 20 years. You can discuss with the bank if the 20-year loan term does not suit your needs.
Interest rate
The interest rate given automatically by the calculator is the current default interest on the home loan (12-month Euribor + customer-specific mark-up). You can change the interest rate and try how changes in interest rates affect the loan.
Try out how a considerably higher rate affects the monthly repayment of your loan.

Home loan


Monthly repayment
€/mo
Payment protection insurance premium
€/mo
Loan amount: €
Scope of payment protection insurance: €
Insurance premium: €/mo
€/day
A maximum of 300,000 euros can be insured on the loan, monthly compensation is a maximum of 2,500 euros and the maximum policy term is 30 years. If you have a larger loan, your bank will help you choose a suitable solution for protection.
Total monthly repayment of protected loan:
€/mo
Failed to calculate payment protection insurance. Try again.
You can earn OP bonuses during the first year
+ €
OP bonuses are earned by all Group member bank owner-customers with transactions entitling to bonuses. At Helsinki OP Bank, you are given OP bonuses when your banking and/or insurance transactions come up to at least €5,000 per month. Transactions mean, for example, the total amount of loans, savings, purchases paid using OP-Visa as credit card. They also include insurance premiums for Pohjola’s home, family and motor vehicle policies. OP bonuses are used to pay for banking services such as loan service charges. OP bonuses are also used for Pohjola home, family and motor vehicle policy premiums and OP-Kiinteistökeskus real estate commissions. OP bonuses have been calculated for the first year on the bonus scheme rules currently in effect. The calculation has taken account of your monthly repayments for the first year.
Repayment method:Equal payment
Equal payment. The monthly repayment amount remains constant but the loan term may change when interest rates change.
Effective interest rate: %
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
Estimated total cost: €
Indicates how much it would cost to repay the loan, including charges and interest amounts, based on the information you have provided.
How much do you need to borrow?
What would be a suitable loan term?
Last repayment
We recommend you
Other options
Hire purchase SECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
%
Total cost
€
Last repayment: €
The loan is secured against the car you have bought
  • The loan is secured against the car you have bought
  • Suitable for all banks' customers
  • Preliminary financing decision at once
  • Suitable for all banks' customers
  • Preliminary financing decision at once
Loan documentation fee €YLL_DATA_INIT_COST_AMOUNT and handling fee €YLL_DATA_EXPENSES_MONTHLY/repayment.
  • Interest rate: %
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
The annual percentage rate of charge (APR) contains all costs of the credit (total interest rate and loan servicing fee of €6/month). The interest rate applicable to your loan will be specified when making a decision of your loan.
Read more about Hire purchase ›
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OP Tailored Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
% *
Total cost
€
Customer-specific interest rate starting from a 3,5 % margin + 3-month Euribor.
  • Customer-specific interest rate starting from a 3,5 % margin + 3-month Euribor.
  • Unsecured one-off credit for which you can apply to the amount of €2,000–30,000.
  • Credit decision issued immediately or within two banking days.
  • Unsecured one-off credit for which you can apply to the amount of €2,000–30,000.
  • Credit decision issued immediately or within two banking days.
The credit servicing fee €6/month covers the credit establishment fee, credit drawdown to your account and invoicing.
  • Interest rate: % *
  • *The calculator uses 6.95% + a 3-month Euribor as a default margin. A more precise margin of your loan will be indicated in the application phase.
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
The annual percentage rate of charge (APR) contains all costs of the credit (total interest rate and loan servicing fee of €6/month). The interest rate applicable to your loan will be specified when making a decision of your loan.
Read more about Tailored Consumer Credit ›
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Bank Loan SECURED

The loan is not amortised quickly enough. Change the loan amount or loan term.
Monthly repayment
€
Interest rate
%
Total cost
€
You need collateral for the loan, such as an owner-occupied home.
  • You need collateral for the loan, such as an owner-occupied home.
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
Loan drawdown and any possible partial drawdowns are subject to a charge based on the bank's service charges and fees.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
The annual percentage rate of charge (APR) contains all costs of the credit (total interest rate and loan servicing fee of €6/month). The interest rate applicable to your loan will be specified when making a decision of your loan.
Read more about Bank Loan ›
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How much do you need to borrow?
What would be a suitable monthly repayment?
We recommend you
Other options
OP Tailored Consumer Credit UNSECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
% *
Total cost
€
Customer-specific interest rate starting from a 3,5 % margin + 3-month Euribor.
  • Customer-specific interest rate starting from a 3,5 % margin + 3-month Euribor.
  • Unsecured one-off credit for which you can apply to the amount of €2,000–30,000.
  • Credit decision issued immediately or within two banking days.
  • Unsecured one-off credit for which you can apply to the amount of €2,000–30,000.
  • Credit decision issued immediately or within two banking days.
The credit servicing fee €6/month covers the credit establishment fee, credit drawdown to your account and invoicing.
  • Interest rate: %*
  • *The calculator uses 6.95% + a 3-month Euribor as a default margin. A more precise margin of your loan will be indicated in the application phase.
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
The annual percentage rate of charge (APR) contains all costs of the credit (total interest rate and loan servicing fee of €6/month). The interest rate applicable to your loan will be specified when making a decision of your loan.
Read more about Tailored Consumer Credit ›
Show additional information
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Bank Loan SECURED

The loan is not amortised quickly enough. Change the loan amount or monthly repayment.
Loan term
Interest rate
%
Total cost
€
You need collateral for the loan, such as an owner-occupied home.
  • You need collateral for the loan, such as an owner-occupied home.
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
  • Suitable for one-off purchases of over €10,000
  • We can customise a loan repayment plan for you
Loan drawdown and any possible partial drawdowns are subject to a charge based on the bank's service charges and fees.
  • Interest rate: %
  • Reference interest rate:
  • Effective interest rate: %
  • Number of repayments: repayments
The effective interest rate includes the full costs of the loan converted to the annual interest rate. Our loan offer based on your loan application provides detailed information on interest on your loan and other terms and conditions. The home loan costs consist of the origination fee accounting for YLL_DATA_INIT_PROVISION_PERCENTAGE % of the loan amount (minimum of YLL_DATA_INIT_COST_MIN euros) and a service fee of YLL_DATA_EXPENSES_MONTHLY euros. The costs of the secured consumer loan (bank loan) consist of an origination fee of 120 euros and a service fee of 2.50 euros.
The annual percentage rate of charge (APR) contains all costs of the credit (total interest rate and loan servicing fee of €6/month). The interest rate applicable to your loan will be specified when making a decision of your loan.
Read more about Bank Loan ›
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Period for which you apply for a loan
Loan amount
Interest rate
Loan repayment period

Estimated student loan

Repayment amount
 €/mo
Borrowing rate
 %
Total cost
 €

 €/mo

 €

 %

 €

 €

 €

12 yrs

96 instalments

A student loan generates OP bonuses that are used, for example, for insurance premiums. 

Read more about student loan >
Apply for student loan
Show additional information 
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  • The calculation is only suggestive. The loan offer made to you describes the loan interest rate and other terms and conditions in detail.

How to use the car loan calculator 

Using the car loan calculator is simple. Enter the loan amount you need and the loan term of your choice in the tool, and the calculator will recommend the best car financing option for you. You can then proceed to the application.

  1. Enter the loan amount you need and the loan term of your choice in the car loan calculator.
  2. Based on the information you provide, we will recommend a suitable financing solution. 
  3. Apply for financing conveniently online. 

Compare car loans with the car loan calculator 

Buying a car takes planning and carefully going over different financing options. When you are about to buy a car, the car loan calculator helps you decide before buying what type of car financing is suitable for your financial situation. You don't need to know at this point if you want to buy from a private seller or a dealership – the car loan calculator will let you know which financing options are best for you.  

Why should you use the car loan calculator? 

Comparing different financing options can be difficult and time-consuming. Most buyers are interested in knowing where to apply for financing and how large a loan they could be entitled to. The car loan calculator helps answer these questions and lets you compare different financing options easily. The car loan calculator also tells you the amount of your monthly loan instalment.

  • You can compare different financing options with the car loan calculator. 
  • The calculator shows you the amount of the monthly repayment instalment. 
  • You see the effective costs of different loans easily 

When comparing different options with the car loan calculator, you need to specify how large a car loan you need and what your desired repayment period is. The car loan calculator will then suggest different financing options for you. These options differ in terms of collateral, interest rate and maximum loan amount. 

How can I buy a car with financing? 

After you have determined the best car finance option for you with the car loan calculator, you can apply for financing online. You can apply for financing with or without collateral or choose to buy the car with hire-purchase financing. When applying for the loan, please note that the car loan calculator can only give a preliminary estimate of the loan. 

You can apply for car financing with collateral or buy a car with hire-purchase financing even if OP is not your main bank. To be eligible for car financing without collateral, you must be OP's customer. 

The car loan calculator shows the interest and expenses of the car loan 

The interest rate and final costs of the loan depend on the type of car financing you select. The car loan calculator will show the best financing option based on the information you enter first on the list. The other financing options are listed below to help you compare the different alternatives. 

The car loan calculator shows the interest rate and total costs of the loan for each financing option. The car loan calculator also shows the amount of the repayment instalment for each financing option and the effective interest rate. 

Once you have decided on a suitable option with the help of the calculator, you can apply for the financing online. 

Example calculation for Bank Loan

A bank loan is one-off credit. If the 12-month Euribor is 2.356% (December 3, 2024) and the loan’s interest rate is a 3.9% margin plus the 12-month Euribor, the annual percentage rate of charge on a bank loan of 20,000 euros with a five-year loan term will be 7.1%. A monthly servicing fee of 2.50 euros per month will be charged. An origination fee of 120 euros will be payable when the loan is drawn down. The estimated total amount payable will be 23,661.66 euros.

This calculation is based on the assumption that the entire loan has been drawn down, the loan interest rate, fees and charges are constant throughout the loan term, and the loan is repaid in equal instalments of 389,86 euros each month. The bank loan is granted by an OP cooperative bank.

Example calculation for OP Tailored Consumer Credit

Example calculation for a loan of 10 000 euros:

Loan with a personal margin of 3,5 per cent + a 3-month Euribor (2,92 %, 2.12.2024)

OP Tailored Consumer Credit is a one-off loan. Its effective interest rate for a loan of 10 000 euros with a 5-year payback period would be 7,71 % if the personal margin were 3,5 % and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 11 974,57 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It further assumes that the loan is repaid in monthly instalments of 210 euros up to and including the final instalment.

Loan with a personal margin of 6,5 per cent + a 3-month Euribor (2,92 %, 2.12.2024)

OP Tailored Consumer Credit is a one-off loan. Its effective interest rate for a loan of 10 000 euros with a 5-year payback period would be 10,79 % if the personal margin were 6,5 % and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 12 773,50 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It further assumes that the loan is repaid in monthly instalments of 225 euros up to and including the final instalment.

Loan with a personal margin of 10,95 per cent + a 3-month Euribor (2,92 %, 2.12.2024)

OP Tailored Consumer Credit is a one-off loan. Its effective interest rate for a loan of 10 000 euros with a 5-year payback period would be 15,48 % if the personal margin were 10,95 % and the loan servicing fee 6 euros per month.

The estimated total amount payable would be 14 079,16 euros. This calculation is based on the assumption that the loan is drawn down in a lump sum and the loan interest and charges and fees remain unchanged throughout the loan term. It further assumes that the loan is repaid in monthly instalments of 245 euros up to and including the final instalment.

The loan is granted by OP Retail Customers Plc.

Example calculation of hire purchase financing

Hire purchase financing is a one-off credit. Effective interest rate on a credit of 35,000 euros with a 6-year credit period amounts to 7.1% when the fixed interest rate on financing is 5,9% (6/24), the establishment fee is 299 euros and the invoicing fee is 12 euros per month. The estimated total cost of credit is 43,348.74 euros, paid in 72 instalments of 561.10 euros each. This calculation is based on the assumption that the entire credit is drawn down at the same time and that interest on the loan, and the charges and fees, remain unchanged throughout the loan term.

The credit is issued by OP Corporate Bank