electric vehicle loan

Electric vehicle loan

1,19%*
  • Borrow at a keen interest rate, even if you’re not yet one of our customers
  • Do your bit for a more liveable world
  • Calculate your green car loan and apply for it online in just a few clicks
Calculate your green car loan

Do you have a specific question about the possible impact of the corona virus on your financial situation? Then please contact this contact point: corona@kbc.be tel. 02 448 02 44.

Fixed-rate car loan

green car loan

The interest rate on your green car loan never changes. That means you are sure to repay the same amount every month for the full term of your car loan.
When you take out your green car loan, you also get a breakdown of the monthly repayments for the full term of your loan. That way, you know how much you've already paid off at any time.

Car loan calculator

If you know how much you want to borrow, you can easily work out your monthly repayments with our green car loan calculator. The amount you repay each month depends on the amount borrowed 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 guidelines to choosing the best repayment plan for you.

Why purchase an eco-friendly car?

Do you want to do your bit for a more liveable world, while still being able to get around freely? Then electric, plug-in hybrid or CNG cars are the answer. Although more environmentally friendly vehicles offer lots of benefits, they can often be expensive.

Make your ecological dream come true and finance your purchase with an ecological or green car loan. It lets you spread the cost over time. That way, the overall cost is more manageable and you can live up to your green resolutions.

Pros and cons of each engine type

Thinking about buying an ecological car? Great! It's a good idea then to carefully weigh up the pros and cons of each engine type before you decide. We’ve set them out for you below.

  Pros Cons
100% electric
  • No CO2 emissions
  • Drives quietly
  • Low fuel consumption
  • Low maintenance cost
  • Low charging costs
  • No road tax
  • Range up to 300 km
  • More expensive than other models in its class
  • The faster you drive, the lower your range
  • Too few charging points at present in Belgium
Electric + range extender
  • Low CO2 emissions
  • Drives quietly
  • Low fuel consumption
  • Low maintenance cost
  • Low charging costs
  • No road tax
  • Electric range up to 500 km
  • Less environmentally friendly due to extra petrol or diesel engine
  • Reduced range due to weight of petrol or diesel engine
Plug-in hybrid
  • Battery charging in electrical outlet
  • Low consumption over short distances
  • Comparable range to a petrol or diesel vehicle
  • Electric range up to 50 km
  • Still expensive to buy
  • Larger battery takes up a lot of space
  • Low maximum speed when driving electrically
  • Less beneficial to the environment
CNG
  • Up to 90% reduction in fine particle emissions and 30% less CO2 emissions
  • CNG is cheaper than petrol or diesel
  • Refuels as fast as petrol or diesel
  • Range of up to 500 km on natural gas
  • More expensive to buy than a petrol vehicle, but often cheaper than diesel or electric equivalents
  • Not many filling stations yet in Belgium (147) where you can fill up with natural gas

What is the ideal term?

The term that's right for you depends on how much you want to borrow and amount you can spare every month. The longer the term, the lower the monthly repayment and the easier it will be for you to repay the loan. If you borrow for a shorter term, you have to repay more each month, but the loan will be paid off faster and as a consequence, you pay less interest. At KBC Brussels, you can choose the term yourself.
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
72

Vehicles quickly lose value, so KBC Brussels recommends keeping the term of your loan as short as possible. New drivers often haven't taken out any other loans, but are statistically more likely to incur claims or even a write-off. If that happens, bear in mind that you'll no longer have a car, but the loan repayments will continue. You can limit that risk with comprehensive insurance offered by KBC Brussels.

Car loan in your tax return

If you prove your actual professional costs, you can claim the interest on your green car loan against your tax.

When do you get your money?

Car loan payment

You’re paid your green car loan

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

When do you start paying back your loan?

The repayment of your car loan starts one month after the loan amount is paid to you. All subsequent repayments are made on the same day of the month as the initial repayment.

 

Example of repayment times

When to repay your car loan

If KBC Brussels makes the amount of your loan available on 25 March, you start repaying your loan on 25 April. All subsequent repayments will always be due on the 25th day of the month.

Repayment account

Already have a current account with KBC Brussels? Then you can repay the loan through that account, if you hold that account solely or jointly in your name.
The repayment account is the same as the one to which the car loan is paid.

No account with KBC Brussels? Repayments can also be made by direct debit from your account with another financial institution.

Car loan details (instalment loan)

FAQs about instalment loans

Do you own a car and want to sell it?

We’ll be happy to help you. Go to our web page on selling your car to find a list of tips and things to bear in mind, including a sales contract model for your vehicle.

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Did you know it's easy to calculate and apply for your green car loan in KBC Brussels Touch or KBC Brussels Mobile? You get the same low interest rate as you would at our branches
Work out your green car loan now
car loan online calculate and apply

* Representative example: for an instalment loan of 15,000 euros to be repaid over 60 months at a fixed annual debit rate and annual percentage rate of charge of 0.99%, you pay 60 instalments of 256.32 euros per month or 15,378.63 euros in total. Rate applies on 01-09-2021 for terms of up to 60 months, for an instalment loan used to finance an environmentally friendly vehicle (electric, plug-in hybrid, CNG). The vehicle must be bought by a private individual.

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.