Get an attractive car loan with Bondora
Fast approval
Fixed interest rate as low as 8.99%
No collateral requirement
Purpose of a car loan
Buying a car, whether a used one or brand new, poses a significant financial hurdle for many people. This is where the car loan comes into the picture as a financial aid. A car loan allows you to spread the cost of your car purchase over a longer period and this way you can avoid depleting your bank account in one go.
Besides simplifying the car buying process and making it more affordable, a car loan offers additional advantages. For example, it can be an effective way to build a robust credit history. Timely payment of your monthly installments showcases your sense of responsibility and reliability to future lenders, potentially paving the way for more favorable loan terms down the road.
In addition, a car is often not only a luxury but a necessity. It can be used for commuting to and from work, driving your children to school or just making everyday life a little easier. With our affordable car loans, you can access this necessity now and pay over time.
Why is Bondora the right choice?
Once you have decided to secure a car loan, the next step is to choose the right lender. We believe that Bondora stands out from among other lenders for several reasons:
Swift approval and payout: We know that when you need a car loan, you probably need it fast. That is why we have optimized our application process to ensure loan approval and cash-out often within just a day or two.
Get a car loan with no security or disbursement requirements: One of the main advantages of taking out a car loan with us is that we do not require security for the loan or any upfront payment. You can borrow money without pledging your car or any other assets as guarantee, all without emptying your savings account in order to be able to afford the installment.
Competitive fixed interest rates: We offer very competitive loans with fixed interest rates starting as low as 8.99%. With a fixed interest rate your monthly payments stay consistent throughout the entire loan term.
Flexible repayment terms: You can choose a repayment period spanning from just 3 months to up to a more extended 60-month maturity. With our B Secure service, you can customize the term of your loan, request payment-free periods, adjust your repayment plan, and even select your preferred payment date.
Taking out a car loan can be a big decision. That is why we, at Bondora, are dedicated to simplifying the process, ensuring it is easy and stress-free. We do our best to offer you the most favorable terms and exceptional service, getting you behind the wheel of your new car as soon as possible.
Who can get an affordable car loan from Bondora?
The dream of owning your own car is attainable for most people. Whether you need a modest or a more substantial sum, we are here to assist you in financing the cost of the car, bringing your car dreams to life.
Age: Whether you are young, in the prime of your career, or nearing retirement, you can apply for a car loan with us. You just need to be between 18 and 65 years old at the time of application.
Resident in Denmark: You must hold a Danish personal identity number and have permanent residence in Denmark. This ensures that our car loans are accessible to Danish citizens seeking a practical and advantageous means to finance their car purchase.
Stable income: Having a steady income is essential to guarantee that managing your monthly payments remains within your financial comfort. We understand that income can fluctuate, and our assessment process is designed to be flexible, accommodating different work situations and income types.
Good loan history: A good loan history is important as it instills confidence in your capacity to repay the loan If you have maintained a solid record without any missed payments, you are eligible to apply for a car loan with us, unlocking the benefits of our affordable car loans at a favorable interest rate.
At Bondora, we are committed to making the car loan application process as easy and effortless as possible. If you meet these fundamental requirements, you may be one step closer to holding the keys to your dream car in your hand. Allow us to assist you in making your dream of owning your own car a reality.
How to apply for a Bondora car loan?
Bondora’s car loan application process is simple, fast, and streamlined, so you can get behind the wheel easily. The process is broken down into a few easy steps, which we will cover below.
Step 1: Submit your application
The first step towards your new vehicle is to apply for a loan with Bondora. During the application process, you will be asked to define your preferred loan amount and your desired settlement period. This helps us understand your specific needs and allows us to tailor a loan that suits you.
In addition, you will be asked to provide information about your financial situation. This includes information like your income, overheads, and any existing liabilities. These details are important as they help us assess your ability to repay the loan.
Step 2: Credit rating - we offer you the least expensive car loan
Following the submission of your application, Bondora will conduct a credit assessment based on the information you have provided. This essential process aims to ensure that we can offer you the best possible car loan to suit your specific financial circumstances.
We will, of course, also present to you the loan’s APRC (Annual Percentage Rate of Charge). The APRC is a way to estimate the total loan cost, which includes both interest rates and fees. By knowing the APRC, you can gain a clear understanding of the costs associated with the loan and thus make an informed decision.
Taking into account each applicant’s unique financial situation, we make sure to offer responsible loans, extending credit only to customers with demonstrated ability to repay them. It is also during this stage that we determine the interest rate we can offer you. We will always offer the least expensive car loan aligned with your credit rating.
Step 3: Receive your money
Once your application has been approved, the funds will be transferred to your account. This means you can quickly get started ordering your dream car.
Taking out a car loan with Bondora is both easy and straightforward. With our simple application process and fast turnaround time, you are merely a few clicks away from realizing your dream of owning your own vehicle.
Is Bondora's car loan interest rate fixed or variable?
Bondora’s car loans always come at a fixed interest rate.
What does this mean for you as a borrower? A fixed interest rate remains the same throughout the entire loan term. Regardless of what happens to market interest rates, your interest rate remains unchanged. This gives you certainty and predictability as you know what your monthly repayments will be for the entire loan period. You can bid farewell to concerns about unforeseen increases in interest rates and their impact on your monthly expenses.
At Bondora, we are committed to making your car loan journey as simple and carefree as possible. By offering a fixed interest rate, we help you plan your finances better and give you peace of mind. With us, there are no surprises – only transparent, fixed terms that streamline the path to owning your dream car.
Are Bondora’s car loans secured or unsecured?
When taking out a car loan with Bondora, it is important to know whether your loan is secured or unsecured. With us, the answer is clear and straightforward: Our loans come with no security requirement.
The fact that the loan is unsecured means that you are not obligated to provide any form of asset as collateral, whether it be your car or any other property, to get the loan. This distinction streamlines and expedites the financing process, as we do not require expensive and time-consuming assessments or paperwork in connection with collateral.
Although, in principle, we can still seize individual types of assets as a last resort, this is never our initial course of action in any recovery process. Our first priority is always to collaborate closely with our customers to find solutions that best align with their individual circumstances.
At Bondora, our goal is to make the financing process as simple and carefree as possible for our customers. By offering unsecured loans, we put our customers in the driver’s seat and give them the flexibility and freedom they need to drive their dream cars.
Can I borrow money from Bondora if I am registered in RKI?
No, at Bondora we do not offer car loans to applicants registered in RKI or the Debtor Register.
While we recognize that anyone may encounter financial challenges, and understand that it can be tempting to apply for a car loan, for example, in order to be able to get to work. However, we have a responsibility to our customers and our company to ensure that the loans we issue are financially sustainable and do not exacerbate our customers’ situations.
Being registered in RKI or the Debtor Registry means you have payment problems with existing loans. For this reason, it is important for us to collaborate with our clients in order to understand their current financial circumstances and ensure that they can repay their loans.
If you are registered in RKI or the Debtor Registry, we encourage you to focus on improving your financial standing first. Once your personal finances stabilize and you have been erased from these registers, you are welcome to apply for a car loan with Bondora. We will be here to help you take the next step towards your dream car.