Electric car loan
Borrow to buy a new or used electric car with at least a 20% down payment and approval of your finances.
The bank loan covers the purchase of an electric car. You repay it with variable interest, charged quarterly. You can also include up to DKK 15,000 for installing a charger.
For a new car, the loan can run for up to ten years. For a used car, Nykredit assesses the term from the car’s characteristics, including its age. The loan must always be fully repaid within ten years of the car’s first registration.
There is no setup fee. BoligBank 360 customers pay no loan-registration or related setup costs on loans up to DKK 350,000; the threshold is DKK 450,000 for BoligBank 365. Above the applicable threshold, the bank charges for registering security and insurance protecting the lender’s interest, and specifies a 60% security requirement. Comprehensive vehicle insurance is compulsory and its cost is additional. Private Banking and Private Banking Elite have special terms.
Your customer package affects rates and fees. A change in your banking relationship can change the package and prices on an existing loan.
Eligibility
- The car must be electric, and you must provide at least 20% of its price as a down payment. Nykredit must approve your finances.
- The stated ordinary fee concessions require BoligBank 360 or 365 status. BoligBank 360 normally combines home financing and everyday banking with Nykredit. BoligBank 365 combines home financing and everyday banking with savings or pension of at least DKK 500,000 invested with Nykredit, or total home financing above DKK 2 million.
- Under Fortrinsret, a BoligBank 360 or 365 parent can give children aged 18–35 access even without their own home. The parent arranges this through an adviser or customer service; the child uses Nykredit for everyday banking to obtain 360 status. The family route to 365 also requires wealth above DKK 500,000. Fortrinsret ends at age 36; it can continue as BoligBank membership if the child has bought a home or has BoligOpsparing.
- You must supply financial information when the bank requests it. Joint account holders can each be liable for the whole debt.
- The bank may terminate the loan on three months’ notice if you leave Denmark or stay abroad long-term. Taking up permanent residence abroad without a prior agreement on continued repayment can trigger immediate repayment.
How to apply
- Status
- Open continuously
- Round restrictions
- Subject to bank approval.
Existing customers can log in with MitID from the product page and apply online through the car-loan calculator. You can also use the contact form on that page to speak with Nykredit. An adviser reviews your finances and assesses the loan before approval.