Buy a new car without the urgency to sell the former one

  • Win time to find a buyer for your former car at the desired price
  • We offer short-term financing at a reasonable price – monthly interest 1.25%
  • You will receive a response to your application usually in seconds

Submit application

3000 €
10000 €
Your repayment
Period 3 months

The calculation is approximate and may differ from the terms offered to you. To receive a personal loan offer, please submit a loan application.

Why choose a car exchange loan?

Do you want to buy a new car, but you have not received the money from selling the former vehicle? With a car exchange loan, you do not have to hurry with selling your former car. Buy a suitable car for a car exchange loan, sell your former vehicle, and pay back the loan amount after the sale.
Sum EUR 3,000–10,000
Affordable monthly interest 1.25%
You can pay back the loan at any time within 3 months
You will usually receive a response immediately, the sum is transferred during one working day

Applying for a car exchange loan is easy

Submit an application and sign a contract
Fill out the car exchange loan application and sign the contract with your ID card or Mobile ID. These operations can also be done at Inbank’s office.
Identify yourself
The agreement will enter into effect after you have identified yourself via webcam or at a branch of Omniva or Inbank.
Buy a new vehicle
We will transfer the credit sum to your account within one working day after signing the contract. You can then use the money to buy the new vehicle.
Sell your former car and return the loan sum
Within three months, we will send you two invoices for interest payments and a third invoice based on which you must return the interest as well as the principal amount of the loan.

When to use a car exchange loan?

When buying a new car while the former one is still for sale
For a leasing deposit while the former car is still for sale
For the payment of the residual value of a leased car before selling it and buying a new one
You apply for a car exchange loan. You will usually receive a response immediately and the money will be transferred to your account within one working day.
You sell the former car within three months, which allows you to return the entire loan amount.
You sell the former car within three months, but the received sum is insufficient for paying back the entire sum. Return the loan in part and we will extend the loan schedule to 6–72 months to allow you to pay the rest of the amount.
If you cannot sell your car within three months, we will extend the loan schedule of the entire sum to 6–72 months.

Transparent expenses

  1. Affordable monthly interest rate 1.25%.
  2. Contract fee 2.5% of the loan sum with a minimum of 190 euros.
  3. The money will be transferred to your account within a working day after signing the contract.

We can offer you a car replacement loan if:

  • You are at least 21 years old and an Estonian citizen or hold a residence permit
  • Your net monthly income is at least 280 euros
  • You perform your financial obligations appropriately


We have to identify you if you’re a new client of Inbank. You can identify yourself via webcam in Inbank Self Service if you borrow up to 15,000 euros. We cooperate with Veriff, which offers reliable video identification. Video identification requires a computer with an Internet connection and a working webcam, microphone and Chrome, Firefox or Opera web browser.

Physical identification is necessary if you enter into a repeated agreement; you must go to an Omniva or Inbank branch to do that.

The identity documents we accept are the ID card, passport and residence permit of the Republic of Estonia.

We will pay out the loan amount within one working day of signing the agreement and confirming your identity.

Early repayment of the loan

You can repay the car replacement loan to us early at any time without any extra costs. In order to do this, submit the relevant application and we will tell you the exact amount you have to repay.

Important information before entering into the contract

Think carefully whether the car replacement loan is a suitable option considering your needs and financial status.

  • Read the terms and conditions of the contract carefully before you sign it and don’t hesitate to ask if you need more information.
  • Think about the risk you can afford to take. Please note that running into payment difficulties may make borrowing more difficult for you in the future.
  • Read about the different financing options offered by Inbank on our website and don’t hesitate to ask our customer service for assistance.
  • After entering into the contract, review the conditions again. This way, you can be sure that you will perform your obligations correctly and at the right time.
  • We will always be a good partner to you. If you would like to change a loan for another product of ours or you run into difficulties with the performance of your obligations, please let us know immediately. This will allow you to avoid additional expenses and litigation.
  • Read our letters carefully and let us know immediately if your contact details change.
Applying for a loan and receiving a response

All Estonian citizens who are at least 21 years of age or with a residence permit with a minimum monthly income of 280 euros and who demonstrate correct payment history can apply for a car exchange loan. At the end of the loan contract, the maximum age of the customer may be 75 years. In case of a temporary residence permit, the loan contract can be signed with a term up to the expiry of the residence permit.

It is possible to submit your loan application on the website of the car exchange loan and at the Tallinn office of Inbank. In order to sign a contract online, you are required to have a functioning ID card or mobile ID. Please make sure you have PIN1 to log in and PIN2 to sign a contract. If you want to sign a contract at the bank office, please present your identity document (ID card, passport or residence card). If you are not yet an Inbank customer, we have to identify you after you have entered a contract online, which can be carried out via a web cam or at the office of Omniva or Inbank of your choice.

After submitting a car exchange loan application, we usually respond immediately. If the response is positive, you can also immediately enter into a contract.

The monthly interest rate on the car exchange loan is 1.25%, which means that the annual interest rate is 15%. The loan repayment term is three months. The interest rate is fixed and not linked to Euribor.

The amount of a car exchange loan may be between 3,000 and 10,000 euros. The sales price of the vehicle is not limited: you can also buy a vehicle that is more expensive than the loan amount. We, on our part, do not require initial downpayment. You can also buy a different vehicle than indicated in the application, provided that the price of the vehicle is not more than 10% cheaper than the initially stated price. From the amount of the car exchange loan to be paid out, we deduct the contract fee that is 2.5% of the loan amount and a minimum of 190 euros.

Signing a contract and receiving money

We will transfer the money to the borrower’s account no later than within one working day after the conclusion of the contract and the verification of your identity. You can find more information about the verification of your identity under the question “How does identity verification take place?”. Depending on your bank, the money will be transferred to your bank account either on the same or the next banking day after we have made the transfer.

When entering into a loan contract, we kindly ask you to verify your identity via webcam or at the office of Inbank or Omniva. During the identification process, you will need an identity document (ID card, passport or residence permit card). See the locations of the offices of Inbank and Omniva.

First, please verify whether the latest ID card software has been installed in your computer. If necessary, please download the latest software and restart your computer. You can also find a solution to the problem from the ID card help centre or by calling the ID card helpline 1777. But if you still experience problems with digital signing, please contact the customer service of Inbank. It is also possible to sign the contract at the office of Inbank.

Once digitally signed, the contract will remain available in the environment of, where you can download it to your computer. You will also find a reference to the contract in the email that is sent to you upon signing the contract. But if you still cannot find the contract, please contact the office of Inbank.

A car exchange loan has many advantages to ensure that you can buy a desired vehicle.

  • You will receive a response to your application usually immediately.
  • No downpayment required.
  • Fully comprehensive insurance is optional.
  • There is no age limit for the vehicle you buy.
  • The car belongs to you immediately.
Submitting a bank statement

In most cases, you do not need to submit a bank statement in order to apply for a loan, but in some cases, we kindly ask you to provide an account statement for the last six months. An account statement may be required in the loan application process if there is an insufficient overview of the pension fund receipts. For example, if you want to apply for a greater amount than allowed by the amount of income that is based on the pension fund receipts, and if there is additional income not reflected in it.

Inbank accepts only a digitally certified account statement (.bdoc, .asice, .sce format). You can download it from the Internet bank of your home bank. If you submit an account statement from Swedbank or SEB, it must be in a format that is digitally certified by the bank. If you submit an account statement from another bank, you will need to save your account statement in PDF format and then digitally sign it with the DigiDoc program. Please also read the instructions for loading your account statement. Once you have saved the statement on your computer, you can upload it on the loan application page. If you cannot upload the statement on the Internet bank of Inbank, please send it to

Buying a vehicle with a car exchange loan

We will transfer the amount of the car exchange loan to your current account no later than within the next working day after signing the contract and verifying your identity. You can then enter into a sales contract with the seller of the vehicle. All the operations related to the purchase of the vehicle will be your responsibility. For example, the new owner of the vehicle must be registered with the Road Administration within five days after the purchase of the vehicle. Be sure to read useful tips on buying a vehicle that have been published by the Consumer Protection Board. The most convenient way to formalise the purchase and sale process can be carried out in the self-service of the Road Administration.

A fully comprehensive insurance contract is not mandatory when entering into a car exchange loan contract. Nonetheless, we recommend doing so, as this ensures that the risks concerning the most common damages will be mitigated, regardless of the fact who has caused the accident. However, the vehicle must have a valid motor third party liability insurance.

As the amount of the car exchange loan is transferred directly to your current account and it is your responsibility to enter into a sales contract with the seller of the vehicle, the vehicle belongs to you both during and after the contract period.

When choosing a car, we recommend using the services of our partner auto24, whose variety of advertisements is the largest in Estonia.

Be sure to preserve the purchase and sales documents, as we may request them from the 30th day after the conclusion of the loan contract. The required documents have to be presented within 14 days after receiving the request.

Loan repayment

The repayment of a car exchange loan is made in three instalments. The first two instalments only include accrued interest, but the third instalment also includes the principal amount of the loan in addition to the interest amount. If have not succeeded to sell your former car after three months or the amount received for your former car does not cover the entire amount of the loan, you can enter into a new credit contract for a period of 6–72 months in order to repay the required amount in parts. Please read the terms and conditions of the contract on the website of auto24 loan.

To make loan repayments, we will send you an e-invoice to the Internet bank of your home bank on a monthly basis. The e-invoice will be sent to your Internet bank to be paid from the account to which your wanted to receive your car exchange loan. For convenience, we recommend entering into an e-invoice standing order agreement. The invoice is paid to the bank account of Inbank either in SEB or LHV bank. The invoice is considered to be paid if it is paid with the correct reference number, which is indicated in your contract or e-invoice.

Yes, it is possible to return the car exchange loan without additional fees in full before its due date. To this end, please submit a request to with the date on which you want to repay the amount of the car exchange loan prematurely. We will then send you the final amount to be paid as of that date. In case of partial early repayment, we offer you to extend the loan period to 6-72 months or a fee for changing the contract shown in the price list of Inbank will apply and the period will remain the same.

Yes, it is possible to change the payment date. To this end, please send the corresponding request to The fee for amending the payment date can be found from the price list of Inbank.

If we have not received the instalment by due date, we will send you a reminder on this with a text message. The delay of the payment entails expenses, and a default interest is calculated from the delayed payments. All fees related to the delayed payments can be found in your contract and the price list of Inbank. If you foresee any long-term payment issues, be sure to contact Inbank to find a flexible solution.

Regardless of the reasons for the payment difficulties, Inbank always wants to help its customers by offering them as flexible solution as possible. Therefore, we kindly ask you to immediately inform us if you experience any payment difficulties. For example, it is possible to request a grace period or extend the payment period, which results in a lower monthly payment. Please note that Inbank has the right to demand forced sale of a vehicle if the customer experiences any payment difficulties.

Inbank starts to calculate interest from the payment of the loan amount. Therefore, the amount in the invoice of the first period may be smaller than the amount shown in the payment schedule, which has been calculated at the moment of preparing the contract.

Contact information

If you have any additional questions with regard to the car exchange loan, please contact our client service specialists.
We are at your service from 9:00-17:00 on working days.