borrowing for a new car

Car loan

  1. Calculate your loan at our sharp rate of 3.99%
  2. Take out your loan online 
  3. Even if you’re not with us
Work out your car loan now

Representative example: for an instalment loan for a new car of 20,000 euros to be repaid over 60 months at a fixed annual debit rate and annual percentage rate of charge of 3.99% you pay 60 instalments of van 367.61 euros per month or 22,056.06 euros in total.  Rate applies on 04-04-2024 for terms of up to 60 months, for an instalment loan used to finance a new car, motor home or motorcycle, or a second-hand car not more than three years old. The vehicle must be bought by a private individual.

A fixed-rate car loan

The interest rate on your car loan never changes. That means you can be absolutely certain your monthly repayments remain the same for the entire term of the loan.
When you take out your car loan, you’ll also receive a schedule showing how much you pay each month during the full term of the loan. You can then see what you've already repaid any time you want.

Car loan calculator

If you know how much you need to borrow, you can easily work out your monthly repayments with our car loan calculator.. The amount you repay each month depends on how much you want to borrow and the period over which you wish to repay the loan.

If you need help working out what period to repay the loan over, see our guide to choosing the best repayment plan for you.

The best term for you depends on how much you want to borrow and how much you can afford to pay back each month. The longer the term, the less you'll have to pay each month and the easier it will be to pay off the loan. The shorter the term of your loan, the more you'll have to pay each month, but you'll pay it off sooner and also end up paying less interest. At KBC Brussels, you choose what you prefer to do.
There are a few legal constraints that apply to the term of a loan (these are automatically built into the loan calculator).

Amount borrowed
(in euros)
Maximum term
(in months)
Up to 2,500 24
Up to 3,700 30
Up to 5,600 36
Up to 7,500 42
Up to 10,000 48
Up to 15,000 60
Up to 50,000

** only for cars not more than three years old

A new car quickly depreciates in value, so we recommend keeping the term of your loan as short as possible. As a novice driver, it's often the case that you haven't taken out any other loans, but you are more at risk statistically of damaging or writing off your vehicle in an accident. It's worth remembering that, while you've lost your car in this scenario, you will have to continue paying off your loan. You can, however, limit that risk by taking out comprehensive insurance at KBC Brussels.

When you declare your work-related expenses, you can claim the interest on your car loan against your tax.

Payment of the car loan

Your car loan will be paid to you:

  • When your car is delivered
  • After KBC Brussels receives the relevant signed documents and proof of investment (order form or invoice)
  • By crediting the account from which your monthly repayments will be made

You start paying off your car loan one month after it is paid to you. All subsequent payments are made on the same day of the month on which you made the initial repayment.


Example illustrating when repayment is to made

When do you repay your car loan?

Suppose KBC Brussels makes your loan available to you on 25 March. You will then start repaying your loan on 25 April, with all subsequent repayments scheduled for the 25th of the month.

Account for repaying the loan

If you already have a current account at KBC Brussels, you can repay your loan from that account provided you're the sole or joint holder of the account.
The account for repaying the loan must be the same as the one into which the loan was paid.

If you don't have an account at KBC Brussels, you can also pay off your loan by direct debit from the account you hold at another financial institution.

We’ll be happy to help. Our web page on how to go about selling your car provides a list of tips and things to remember, such as a model contract of sale.

Our KBC Brussels Touch and KBC Brussels Mobile apps let you easily work out and apply for your car loan. You get the same low interest rate as you would at our branches.
Work out your car loan now

Credit type: Instalment loan provided by the lender KBC Bank NV, Havenlaan 2, 1080 Brussels, VAT BE 0462.920.226, RLP Brussels, FSMA 026.256 A. Subject to your loan application being approved by KBC Bank NV and mutual agreement.