Cheapest Car Loans: Belfius Takes Leading Position in Market

With the start of the car show in the Brussels Heysel Palaces, couches the opportunity to offer their car loans at a lower price. For those looking to finance a new car, Belfius currently appears to be the best choice.

Several banks are temporarily offering an additional discount for financing a new or recent electric car. Belfius is lowering the rate to 2,95%, currently the lowest on the market. BNP Paribas Fortis, along with its banking brands Hello sofa! and Fintro, follow closely with a rate of 2,99%.

The 2,95% rate means that if you want to borrow €30.000 and repay it over five years, you'll see €537,87 disappear from your account over sixty months. On top of the €30.000 borrowed, the borrower will then pay €2.272,20 in interest.

Belfius also offers the best rate for traditional cars

Those who choose a car with a traditional combustion engine will also find the most favorable rate at Belfius, namely 3,25%. Argenta follows closely behind Belfius with a rate of 3,29%.

Financing older used cars – from 36 months onwards – is considerably more expensive. Belfius charges 4,25%, while KBC and Crelan charge 4,65%.

The rates are lower than last year

It's striking that the rates are lower than at the 2025 Motor Show. At that time, Belfius also offered the most favorable loans for new cars. The state-owned bank applied a rate of 3,25% for new eco-friendly cars, and 3,49% for other new cars. This puts Belfius in a leading position with KBC, Crelan, and Beobank.

Many people compare car loan rates. However, they won't find a universally applicable rate sheet for ING. Throughout the year, the bank adjusts its rate to the customer's risk profile.

Personalized rates

Choosing a personalized rate doesn't mean ING isn't making an effort during the Motor Show. The rates will be lower than at the end of 2025, according to the bank. The indicative rates at the start of the campaign were 3,25% for new electric cars and 3,42% for other new cars. For cars older than three years, these were 3,42% and 4,45%, respectively.

An analysis by Belfius shows that the average amount borrowed last year to purchase an eco-friendly car has fallen for the third consecutive year. This currently stands at €27.932, which is still 26% higher than the average amount for a new or recent combustion engine car. Three years ago, this amount was 39% higher.

Finally, we'd like to point out that financial institutions aren't just selling their car loans, but also their insurance policies. Discounts are available from various insurance groups.