Car loan
A car loan is an unsecured consumer loan intended for the purchase of a car or to cover expenses related to a means of transport. You can also use the loan to repair your car, buy tyres, get regular maintenance or buy a motorbike, boat, ATV or other vehicle.
Our customers about us
There was a need to decide and react quite quickly. When the big summer suddenly arrived overnight, the choice was between repairing a broken-down old-school mower or saving time in the long run and buying a tractor. The MONEYZEN service was very quick and hassle-free. Thank you!
There are many different costs associated with graduation, and as my daughter was doing brilliantly despite the difficult pandemic years, the family decided to take a summer trip before she flies from the nest. Reasonable conditions and a quick process!
Used several times to buy the necessary tools. Getting the money has been fast, reasonable and efficient. I can recommend.
Moving to a new place creates a lot of hopes and dreams, and on the other hand you want to settle in as quickly as possible. We needed a little help with a couple of pieces of furniture, and we were able to get a sense of home more quickly.
There was a rather unexpected situation and the boiler needed to be replaced urgently. I received a quick response to my request and the problem was solved. Thanks!
Advantages of the MONEYZEN consumer loan
Compared to car leasing:
- you can register the car immediately in your own name
- no compulsory casco insurance
- no down payment obligation
- you can also cover the additional costs of buying a car (e.g. insurance, minor repairs, etc.)
The interest rate of the MONEYZEN renovation loan is determined by an automatic low bidding process among investors and can be therefore more favourable than similar offers from competitors.
We offer unsecured consumer loans of up to 10 000 € for up to 3 years.
The financial service is provided by Moneyzen OÜ. Read the loan terms and conditions and consult an expert. Loan example: annual percentage rate 36,91%, loan amount 1000 €, fixed interest rate 21,52%, contract fee 3%, contribution to Zen Fund 0,9%, monthly administration fee 0,9%, period 24 months, monthly payment 54,64 €, total amount of payments 1350,38 € and total loan repayments 1350,38 €.
Who can apply?
In case you need help to repay a high interest SMS loan or a quick loan, apply for a consumer loan on the MONEYZEN platform. Based on the loan application submitted, MONEYZEN will tailor a personalised loan offer just for you, based on the investors’ offers.
Suggestions before applying for a car loan
Compared to a quick loan taken to finance a car purchase, a car loan has a longer repayment period and does not carry the comprehensive insurance obligation that banks require for car leases, which can be a significant additional cost.
A car loan is a financial obligation that has to be repaid with interest and other borrowing costs. Carefully consider the borrowing process. Failure to pay the loan on time will increase your costs, as lenders charge both interest and penalties for late payments.
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Think throughConsider carefully if you really need a loan and in which amount. If you are able to save the necessary amount monthly, you can avoid loan costs.
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Compare offersInvestigate and compare the terms of several loan providers. So you can pick the best offer available. Remember to pay attention to the loan interest rate, annual percentage rate (APR) and what is the total repayment amount of the loan.
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Amont of incomeAll your loan repayments should not exceed 33 percent of your total monthly income. This will enable you to continue repayments during a short period of unemployment, sick leave or after an accident.
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Additional termsMake sure that you have considered all additional terms and costs. Remember to examine all the loan terms and conditions written in small letters. Consult an expert if necessary to avoid additional obligations.
