Car loan

The maximum amount you can borrow to finance a car depends on your personal circumstances, such as your income, living situation and family situation. If you borrow money from Lendris, you pay a fixed amount in repayments and interest each month. The interest rate remains the same throughout the term of your loan. This applies whether you want to finance a petrol or diesel car or an electric car.

Car financing is provided through a Personal Loan. You take out the loan with our partner Lendris, a specialist in personal loans. Lendris loans are developed exclusively for selected banks and are available through ABN AMRO.

With a Personal Loan, you know exactly what to expect because you agree the monthly payment and end date with Lendris in advance. You can borrow between €5,000 and €75,000.

• are aged 19 to 68
• have sufficient income
• live in the Netherlands

• Bank: the money will be paid into your account as a single lump sum. The car will become your property immediately upon purchase.
• Dealer: you often purchase the car in instalments, paying part of the purchase amount in each instalment. The car only becomes your property once you have paid all the instalments.
• Private lease: you make monthly payments for use of the car. This often includes insurance, maintenance and repairs. The car remains the property of the lease company.

In the Netherlands, you must always have insurance if you own a car. Car insurance is compulsory even if you do not drive the car. You decide how comprehensive you want your coverage to be.

By law, you must have at least third-party liability insurance (WA). This covers damage you cause to others with your car. If you also want coverage for damage to your own car, you can choose Third-Party Liability + Limited Cover (WA Beperkt Casco) or Third-Party Liability + Comprehensive Cover (WA Volledig Casco).

Lendris is one of the few lenders in the Netherlands that forgives a loan in the unfortunate event of death. If you or your co-borrower dies, the loan no longer has to be repaid. Your surviving relatives do not have to repay it either. However, certain conditions apply:

• If the death occurs within 6 months of the start of the loan, the outstanding debt will not be forgiven. If you die after this period, Lendris will forgive the outstanding amount that remains payable on the date of death.
• Loan forgiveness in the event of death only applies if the loan is not immediately due and payable at the time of death. This means that the loan must not have been terminated by you, a co-borrower or Lendris.

If you took out the loan together with your partner and one of you dies, Lendris will forgive the entire loan. This only applies if both you and your partner meet the conditions mentioned above.