Car loan – apply for car financing safely from the bank

Compare options and choose the smartest one for you from three available types of car loan. OP car loans are always inexpensive, safe and flexible.

Bank Loan

Most affordable interest rate

  • Owner-occupied apartment or other assets as collateral
  • For all banks' customers
  • No predetermined maximum amount
  • Typical interest rate 3 – 5 %

Consumer Credit

The fastest option – money into your account immediately

  • No need for collateral or guarantors
  • Only for OP customers
  • Max. 15,000 euros
  • Typical interest rate 6 – 8 %

Hire Purchase

For all banks' customers

  • The car to be bought as collateral for financing
  • For all banks' customers
  • No predetermined maximum amount
  • Typical interest rate 2 – 7%

Do you first wish to calculate the monthly repayment of your car loan?

Go to loan calculator

Many ways to finance a car – from us you can get a car loan that is perfect for you

You can apply for three different types of car loan from OP. They differ from each other in terms of collateral, interest rate and maximum loan amount. You can choose between a secured car loan, an unsecured car loan and a car hire purchase. We can definitely offer you the most suitable way to finance a car.

Applying for a car loan from OP is smart. We never apply hidden interest or other charges. 


Secured car loan – choose Bank Loan 

With a secured Bank Loan, you can get the vehicle in your own name right away, at the smartest interest rate on the market. You will need collateral for the loan, such as an owner-occupied home, a holiday home, deposits or securities. 

The interest rate for a bank loan is typically 3 – 5%. You can apply for a secured loan starting from 8,000 euros, with no upper limit. OP cooperative banks’ owner-customers earn OP bonuses through secured bank loans.

You can apply for a secured Bank Loan even if you are not an OP customer.

Unsecured car loan – choose Special Consumer Credit

If you want to finance your car with Special Consumer Credit, you will get the money into your account quickly and you can buy the car wherever you want. 

You can get a car loan of up to 15,000 euros without collateral. Only OP customers can apply for the unsecured Special Consumer Credit. The credit interest rate is usually 6 – 8%. 

Apply for the credit online. Normally, you will get a loan decision and offer right away. After you have read the loan terms and conditions, you can accept the offer on and you will get the money to your account immediately.

With hire purchase, you can buy a car easily and conveniently from a car dealer

When you buy a car with hire purchase, the car to be bought serves as collateral for the financing. You do not need any additional collateral or guarantors. OP will own the car until the last hire-purchase instalment has been paid.

Make a preliminary calculation of hire purchase in our service for car buyers

What is the cheapest car loan?

When choosing a car loan, take note of the final overall costs. There’s more to loans than the interest rate or establishment fee. Typically, you will be charged a credit establishment fee, a handling fee and interest, and these should not be compared separately.  A loan with the lowest establishment fee is not necessarily the cheapest option over time.

Use the OP car loan calculator to easily see the total interest and expenses of your car loan. The calculator helps you plan a loan period that is suitable for you and calculates the effective interest rate for each car loan alternative. 

Compare loans with the loan calculator

What affects the interest rate and price of a car loan? 

The interest rate and price of your car loan are affected by the loan amount and whether you opt for a loan with or without collateral. The interest rate of a loan with collateral is always lower than that of an unsecured loan.


Apply for a car loan online and get a decision quickly   

No matter which type of car financing you choose, fill in and submit the loan application online. You will always get the car loan decision quickly.


OP bonuses

As an owner-customer, you will earn OP bonuses for example from:

  • loans
  • savings and investments
  • purchases you have paid with credit
  • insurance premiums for home, family and motor vehicle policies.

From 1 November 2020, OP bonuses will accrue from:

  • home loans, secured bank loans, student loans
  • savings and investment accounts
  • mutual fund units and unit-linked insurance
  • non-life insurance bills

The change on 1 November 2020 means that no OP bonuses will accrue from:

  • deposits in current accounts
  • unsecured consumer loans (Flexible Consumer Credit, Special Consumer Credit, One-off Credit and Overdraft Facility)
  • OP hire purchase
  • Purchases paid using OP Visa as a credit card, the balance of credit with interest of OP-Visa and OP-Mastercard cards

OP bonuses are used for the bank’s service charges and insurance premiums.

The financing is granted by OP Card Company plc, OP Corporate Bank plc or OP cooperative bank, depending on the financing product.