How does Ergo finance work?

• The vehicle may be up to 12 years old. The combined age of the car and the loan term must not exceed 13 years.

• The loan period is shorter for older cars

• The car must be worth ISK 600,000 or more

• You must be 20 years of age or over

• We offer loan terms of up to 8 years (96 months) for new vehicles.

• If the loan amount, including all cost, is over ISK 3.170.520 or ISK 6.341.040 for couples, a full credit assessment will be required.

• Ergo provides finance for a variety of other things