Car leasing

All Estonian citizens or residence permit holders who are at least 21 years old, have an excellent credit record and a monthly income of at least 750 euros may apply for car leasing.

The amount of car leasing can be 15 000 to 35 000 euros. The vehicle's sales price is not limited: the cost of the vehicle you buy may exceed the loan amount. We don’t require a down payment from you. You can also buy a vehicle that is not the one you indicated in the application, provided that the sales price of the vehicle is not more than 15% cheaper than the initial one.

The exact interest rate depends on the conditions offered to you, which you can review after submitting the application if you received a positive decision. The term of the loan is 24 to 96 months. The non-fixed interest rate consists of the margin that is fixed in the contract for a specific period and EURIBOR base rate. If the base rate changes, we will prepare a new payment schedule for you. A negative EURIBOR value is always considered to be zero.

You can submit a car leasing application right here on the Inbank website or at our branch in Tallinn. To conclude an agreement online, a valid ID card, Mobile-ID, or Smart-ID is required. You must know your PIN1 to log in and your PIN2 to sign the agreement. You must present an identity document (ID card, passport or residence permit card) to sign the agreement at a branch of the bank.

You can verify your identity conveniently online using Veriff.

First of all, check that you have installed the latest version of the ID card software on your computer, or download the most recent version of the software and restart your computer. You can find a solution to your problem in the ID Card Help Centre or by calling the ID Card Helpline on 1777. If you still cannot sign the agreement digitally, please contact Inbank’s customer service. The agreement can also be signed at Inbank branch.

An account statement must be submitted for the last 6 months before the date of application and must contain information on your income and obligations. If you are submitting an account statement from Swedbank, SEB, LHV, Coop Pank or Luminor, it must be submitted in a bank-approved digital format (.bdoc, .asice, .sce). If you are submitting an account statement from another bank, the statement must be saved in PDF format and digitally signed using the DigiDoc application. After saving the statement to your computer, you can upload it to the loan application page. The statement can also be uploaded later. To do this, log in to Inbank’s internet bank, select "Loans" in the menu, find and open the pending application and upload the statement file. If the statement cannot be uploaded to Inbank’s internet bank, please send it to laen@inbank.ee.

We will give the response to the application within one working day after you have submitted the car leasing application and uploaded the account statement. You can also sign the agreement straightaway if the response is positive.

We transfer the money to the borrower’s account within one working day of entry into the agreement and identification of the borrower. Depending on your bank, the money will be received in your current account on the same banking day that we make the payment, or on the next banking day.

The purchased vehicle must have valid motor insurance. A comprehensive insurance contract is not mandatory when you use car leasing. However, we still advise you take out this insurance, as it will protect you against the most common losses irrespective of who causes the accident.

We will transfer your car leasing amount to your current account not later than on the next working day after you have signed the agreement and identified yourself. After that, you can enter into a sales contract with the seller of the vehicle. You must take care of everything required in relation to purchasing the vehicle. For example, the change of the owner of the vehicle must be registered at the Road Administration within five days of purchasing the vehicle.

The most convenient option is to register the purchase and sale in the e-service of the Road Administration.

Yes, the purchase and sales documents for the vehicle must be submitted to Inbank within seven days of the payout of the car leasing amount. Inbank will then establish a registered pledge on the purchased car, which means that we have the right to demand the sale of the vehicle should you run into difficulties with car leasing payments. If you fail to submit the required documents within seven days, the bank has the right to amend the terms and conditions of the agreement unilaterally by increasing the interest rate by the rate indicated in the agreement.

As the car leasing amount is transferred directly to your current account and you enter into the sales contract with the seller of the vehicle yourself, the vehicle will belong to you during the agreement period as well as thereafter. Inbank will establish a registered pledge on the purchased car until the end of the credit period, which means that we have the right to demand sale of the vehicle should you run into payment difficulties. If you want to sell the vehicle yourself, you must inform our customer service about this in advance.

After you sign the agreement digitally, it will remain accessible in the Internet bank of Inbank. You will also find the link to your agreement in the e-mail message that will be sent to you after you sign it. If you still cannot find the agreement, please contact our customer service.

Every month, we will send you an e-invoice, which you will find in the internet bank of your home bank. We will send the invoice to the internet bank of your home bank four to five days before the due date for making the payment to the account to which the loan amount was paid according to your request. We advise you to set up an e-invoice standing order in your home bank to make repaying the loan more convenient. The payments are made to Inbank’s account in SEB bank. A payment is deemed to have been made if it was made with the correct reference number, which you will find in your loan agreement or on the e-invoice. When making a manual payment from your home bank, it is important that you enter the reference number in the reference number box and not in the explanation box. If you paid your monthly installment and your payment was returned back to your account - please make sure you inserted reference number of your contract in the correct field (if you are using Swedbank app, please press ""Show more"" at the bottom of the page in order for a separate ""Reference number"" field to appear"" We do not send invoices by e-mail. However, the invoices we have sent are accessible in the internet bank of your home bank.

If the payment was made outside the e-invoice before the arrival of the monthly invoice, an e-invoice for the relevant month may still be send in some cases, but you certainly don’t have to make the same repayment again. You can simply archive the e-invoice.

Yes, you can repay the car leasing in part or in full before its expiry. In order to do so, send an application to info@inbank.ee and indicate the date when you would like to repay the car leasing amount. We will then send you the final amount that must be repaid by the selected date. You can find the terms and conditions of early repayment on the price list.

The residual value of the car, which is 25% of the initial credit amount, must be paid to the bank with the last monthly payment. The residual value can be paid as a lump sum as the last instalment, but if you don’t want to do this, we can enter into a new credit agreement for the payment of the residual value in instalments.

Yes, it is possible to change the payment date. In order to do so, send your request to info@inbank.ee. You will find the fee for amendment of the payment date on the Inbank price list.

Yes, you can apply for a grace period if necessary. In order to do so, please e-mail your request to info@inbank.ee. The length of a grace period is up to three months. If you would like to use the option of a grace period for a second time, the credit and interest payments for the last three months must not be outstanding. It is possible to have two grace periods during the term of the agreement and for up to six months in total during the car leasing period. The exact length and the terms and conditions of the grace period are determined by considering your requirements and possibilities.

If we haven’t received a repayment by its due date, we text you a reminder that the payment must be made. There are costs associated with late payments, and default interest is calculated on delayed payments. The fees related to late payments are specified in your agreement and the Inbank price list. If the difficulties in repaying the loan are likely to last longer, please contact Inbank as soon as possible, so we can find a flexible solution together.

Irrespective of the reasons for payment difficulties, Inbank always tries to help its clients by offering solutions that are as flexible as possible. This is why you should immediately inform us of any payment difficulties. For example, you can request a grace period or extend the loan period, which will reduce the monthly payments.