Loan for buying a car

Compare options and choose the smartest one for you from three available types of loan. The options differ in terms of interest rate, amount and collateral. 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 2–5 %

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

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 on 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. The collateral may be your new car or owner-occupied home, for example. If you choose to use the car as collateral for the loan, its ownership will remain with OP until the final instalment has been paid. 

You do not need to be an OP customer to finance your car with a loan from OP. 

As an owner-customer, you will naturally earn OP bonuses on your car loan. They can be used towards expenses, such as insurance premiums.

Find the cheapest car loan using our loan calculator

When choosing a car loan, take note of the final overall costs. There’s more to loans than a cheap interest rate or a low establishment fee. Typically, you will be charged a credit establishment fee, a billing fee and interest, and these should not be compared separately.

A loan with a lower establishment fee is not necessarily the cheapest option over time. All loan types by OP offer smart and transparent overall costs. 

Use the OP loan calculator to easily see the total interest and expenses of your car loan. Compare car loans with the loan calculator >

Apply for a loan online and get a decision quickly 

File an application for a car loan online already before visiting the dealership. To apply for hire purchase financing you do not need to be an existing OP customer, your online bank credentials are all you need. 

You will always receive a fast decision on your loan. Loan decisions for a hire purchase and special consumer credit are typically sent instantly. For bank loans, the decision is given within 1 to 3 days.

Choose the car loan suited to your needs 

With Hire Purchase, the car you purchase is collateral for the loan, and you do not need any additional collateral or guarantors. 
Apply for Hire Purchase >

Special Consumer Credit requires no collateral or guarantors, but is available only to OP customers.
Apply for Special Consumer Credit >

Bank Loan is the most inexpensive option and available to you if you have property that can be used as collateral, such as your owner-occupied home. It has the lowest interest rate of the three options.
Apply for Bank Loan >

You will earn OP bonuses through a car loan

As an owner-customer, you will always earn OP bonuses through a loan with us. You can use bonuses to pay, for example, your car insurance premiums. For example, if you have a loan of 15,000 euros with us, you will be entitled to OP bonuses worth 37,50 euros per year.


OP bonuses

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

  • loans
  • savings and investments
  • funds in accounts
  • purchases you have paid with OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

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

Owner-customer benefits

  • As owner-customer, you enjoy a higher current account interest rate: 0.10% (normally 0.00%).
  • As our owner-customer, you can choose a long-term fixed interest rate for your new home loan throughout the loan's term, up to 25 years. This is how you can ensure that your interest charges for your home loan will remain unchanged throughout the loan term.
  • As owner-customer you can get a student loan with no service charge in case your loan application is filed at
The financing is granted by OP Card Company plc, OP Corporate Bank plc or OP cooperative bank, depending on the financing product.