Car leasing with no down payment

If you want smaller monthly payment, but purchase veihcle of higher value, Car leasing is the right choice. Unlike a regular Car loan, Car leasing is a loan with the 25% of residual value that will allow you to reduce the monthly payment. With Car leasing you can buy any car up to 30 000 euros. You can pay the remaining value in the last payment or prepare a new payment schedule for the balance. Inbank Car leasing offers flexible repayment terms and competitive interest rates to meet your financial needs.

The Car Leasing is available from 15 000 to 30 000 euros with a repayment term of 24 months to 120 months. Inbank Car leasing is issued with a pledge. The registered pledge agreement means that you will remain the owner of the vehicle, but we will have the right to demand sale of the car if you run into difficulties with repayments. Inbank will establish the registered pledge after the car has been registered in your name. Car Leasing is without down payment, but with 25% of residual value.

You can easily apply for a loan remotely. The answer to the application is given within a few minutes. Upon receiving confirmation of receiving the loan, you can sign the contract remotely using any method more convenient for you – using Smart ID or electronic signature.

Interest rates depend on the desired amount, term and your credit profile. For Car Leasing interest rate contains of two parts fixed rate and the non-fixed interest of 6 months EURIBOR, calculated on the balance of the loan. If the EURIBOR changes, we will prepare a new payment schedule for you. A negative EURIBOR value is always considered to be zero. To find out your interest rate, please fill out the application, it will only take a few minutes.

All Latvian citizens or residence permit holders who are at least 21 years old, having regular monthly income and a permanent job. You cannot have delayed payments or outstanding debt liabilities. You must have an open current account in one of the Latvian banks, a valid identity document issued in the Republic of Latvia, and a valid mobile phone number and e-mail address.

The loan amount you can borrow depends on several factors, such as your creditworthiness, current income and ability to repay the loan, and other existing credit obligations. We offer a range of loan amounts to accommodate various needs. During the application process, you can specify the amount you wish to borrow, and we'll do our best to tailor the loan to your requirements.

Our Car Leasing comes with flexible repayment terms. The repayment period can vary based on the loan amount and your preferences. We offer various repayment options, ranging from 24 months to several years. Our Customer Support can help you determine a suitable repayment schedule that aligns with your financial capabilities.

Applying for a Car Leasing with us is easy and convenient. You can start the application process online by specifying the desired amount and term in the calculator. We'll ask for some personal and financial information to assess your eligibility.

To receive a loan, you need to submit a bank account statement for the last 6 months. This can be easily done using secure-integrated form in the application, where you give your consent to the submission of the account statement. Or you can also add it as a attachment in pdf format including all incoming and outgoing payments during application process.

If you are a resident of Latvia employed abroad, you must submit an account statement for the last 12 months (if the salary was received in a foreign account) and/ or submit a statement from the tax administration regarding the payment of state taxes for the last taxation year.

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. Within 30 days after receiving the Car leasing, you have to register the acquired car in your name with RTSD and send the information on the car (including the VIN number) to info@inbank.lv.

If the contract is signed by 3 p.m., the money will be transfered to the account on the same day. This applies to customers who have an account with Swedbank and Citadele. Customers with an account in another bank will receive the money next day.

You will receive the payment schedule with your contract. We will send you friendly reminder before each payment. You can always check your loan balance by logging in your Inbank customer profile.

Full early repayment of loan is free of charge. Email shall be sent to info@inbank.lv, indicating your personal data, agreement number and the date, on which full loan repayment is planned.

If you have lost your job or will not be able to fulfil your liabilities due to any other reasons – immediately contact our Customer Support to agree on the most suitable solution. Each situation is assessed individually. For us to assess your situation, an email shall be sent to info@inbank.lv, indicating your personal data, agreement number and the reasons for not being able to make payments in a timely manner.

Yes, you can change the date of monthly payment. To apply for these changes, an email shall be sent to info@inbank.lv, indicating your personal data, agreement number and changes you wish to make. The amendments to the agreement are made according to the pricelist.