We finance new and used vehicles

Arion Bank finances up to 80% of the purchase price of the vehicle and the loan period depends on the age of the vehicle. All applications must be made via a recognized car dealer who will apply for financing on your behalf.


Maximum financing Maximum age of vehicle Maximum loan period
 Vehicles

 

80%

14 years

7 years
of purchase price of vehicle Combined age of vehicle and loan period may not exceed 10 years
 Caravans and mobile homes

 

80%

14 years

7 years
of purchase price of caravan/mobile home Combined age of caravan/mobile home and loan period may not exceed 10 years
 Motorbikes and quad bikes

 

70%

4 years

5 years
up to 70% of purchase price of motorbike Combined age of motorbike and loan period may not exceed 5 years

 

Bridge the gap with a Consumer Loan

You don’t need to be a customer of Arion Bank to be able to get a loan. Anyone can apply for a Consumer Loan using the Arion app and loans are available from ISK 100,000 to ISK 2 million.

The maximum loan amount in the app is based on a self-service limit and the loan is paid out immediately if approved. The process is entirely automated and takes less than a minute. The customer uses electronic ID to identify themselves.

  • Loan available to anyone , even if you are customer of another bank

  • Automated approval process and the loan is paid out immediately

  • Maximum loan of ISK 2 million

  • Minimum loan of ISK 100,000

Get the Arion app for iOSGet the Arion app for Android