We make things happen
We offer financing for vehicles, machinery, and specialized equipment for a wide range of industries.
We offer financing for vehicles, machinery, and specialized equipment for a wide range of industries.
Arion Bank’s vehicle and equipment loans are a cost‑effective financing option for companies, farmers, and sole proprietors. We offer both traditional loans and leasing.
There are no prepayment or extra payment fees on commercial equipment loans, and lending is provided exclusively in Icelandic krónur.
The combined age of the vehicle/equipment and the loan term may not exceed 12 years.
Machinery must be registered with the Administration of Occupational Safety and Health.
Appropriate insurance must be maintained on the equipment for the entire loan term.
No prepayment or extra payment fees apply to commercial equipment loans.
There must be an active secondary market for the pledged equipment/machinery. A bank specialist assesses the marketability and lifespan of the equipment.
Loans are granted exclusively in Icelandic krónur.
When financing a vehicle, you can request financing through all major car dealerships in the country. It is also possible to contact the Vehicle and Equipment Financing specialists directly.
When it comes to financing machinery or equipment, please contact the bank’s specialists by calling 444‑8800 or by sending an email to bilar@arionbanki.is.
More Favorable Financing for Eco-Friendly Company Vehicles
EIF Car Loans are designed for businesses* seeking loans for electric vehicles, methane-powered vehicles, or commercial equipment that uses energy sources other than fossil fuels.
More Favorable Terms
9.60% interest rate
85% loan-to-value ratio
1.5% arrangement fee
5-year loan term
The loans are provided with a guarantee from the European Investment Fund (EIF) with the goal of accelerating the energy transition in company vehicle fleets.
A great deal of capital is tied up in vehicles and machinery, and even minor damage can be very costly.
Vörður Insurance offers customers comprehensive insurance coverage for both vehicles and machinery. It may be worthwhile to request an insurance quote from Vörður.
