SAGA Car loan

A pre-qualification letter or loan confirmation is a confirmation from the bank of the desired loan requirement so you can act quickly when you find the car you want to buy. The loan confirmation is valid for 3 months.

A loan confirmation is great to have if you are unsure about which car to buy, but want to know if you can get a loan.

Apply for a pre-qualification letter here. You can also log in to the online bank and apply there.

You will find your loan confirmation under “My loans and credit cards” in the online bank. Click the gear icon and select “change”. Enter the correct price, registration number and information about the car. Remember to re-submit your form. It is important that you sign the loan documents before you re-register and take possession of the vehicle.

To upload a purchase contract, go to “Banking and loans” - “My loans and credit cards”. Click the gear icon and “Loan details”. Further down on the side, you will see “submit signed purchase contract”.

We always release the charge and pay any remaining balance to the seller. If the charge is larger than the loan, the seller must first pay the amount that exceeds the loan and send confirmation to us. We then settle the outstanding debt.

When DNB Finans has received all of the signed documents, as well as a copy of the signed purchase contract and the correct copy of confirmed proof of identity, the loan will be paid to the seller provided there is no charge on the car. Confirmation to the seller can be found with the loan documents.

The loan will be transferred to the seller when the car is registered to a new owner. Car loan Set up can help confirm this to the seller.

You can borrow a maximum of 100% of the sales price stated on the purchase contract.

Yes, for example a boat or a motorcycle. It must be possible to register the secured item in the Brønnøysund Register or the Ship Register if the boat is over seven metres long. Contact us about loans for other items such as lorries, tractors and excavators.

Ta kontakt for finansiering av andre gjenstander.

The car cannot be more than 15 years old when it is paid off. For example, if you buy a 10-year-old car, you can only repay it over 5 years.

No, unfortunately we do not offer transfers of car loans from other banks.

No, unfortunately we cannot offer a car loan when the buyer and seller live at the same address. This is because we cannot use the car a security under such an arrangement.