Loans secured by a car are a common type of loan where the lender grants a loan to the owner of the car, whose car remains the lender's collateral during the loan period. The amount of the loan depends on the market value of the car, and the repayment period can range from several months to several years. To get a loan, you need to fill in a loan application form, and you will usually be asked to provide documents and insurance relating to the car.
Here are some links to more information on lending against car loans:
- LHV Bank's website offers car loans and gives an overview of its loan offers: https://www.lhv.ee
- Coop Bank's website also offers car loans and gives an overview of its loan offers: https://www.cooppank.ee/
It's important to remember that borrowing against a car loan can be risky and if you lose your car, you could sell it to pay off the loan. It is therefore important to carefully consider your options and obligations before applying for a loan.