Personal Loan

A loan that is personal but works for everyone.

It may sound like a contradiction, but it isn’t. A loan that’s tailored to each individual goal and project, yet adapts to everyone.

Personal Health Education Energy Transition Car
Part of stitched leather black leather car interior. Modern luxury car black perforated leather interior. Car leather interior details

Thinking about changing your car?

Combustion, Electric, or Hybrid? Just run the simulation and enjoy the drive.

Our loan will make sure everything else runs smoothly.

Simulate

Don’t want to buy? Renting.

The Bank explains: renting is easier to pay because everything is bundled into a single monthly instalment.

 

In addition, you get 24/7 assistance all year round, and the guarantee that your car won’t lose value, because at the end of the contract you don’t need to keep it.

Just fill up and go.

Learn more
teste

Personal Loan Contest

Don’t spread it, own it.

By taking out a Personal Loan, you’ll have the chance to win a Renault 4 E‑Tech Electric.
Learn more

How to enter.

Just take out a Personal Loan through Banco Montepio between March 31 and May 18, 2026.

For those still looking for a new car.

Find the car you want at Benecar, the automobile city, with special financing conditions through Banco Montepio* and a 24‑month warranty.
teste

Insurance for your loan

A seatbelt for your loan.

With this insurance, you ensure the payment of the outstanding balance if any of these unforeseen events occur.
Learn about Insurance for Your Loan

Car insurance

On the road, protection is essential.

Have you heard about the Auto Montepio Flex insurance?

With 4 plans and optional coverages tailored to your needs, ensuring that everything runs smoothly.

Learn about Car Insurance

Got questions? We've got the answers.

What is the Auto Loan?

It is a loan for the purchase of a new or used car, whether combustion, electric, or hybrid.

 

For this purpose, Banco Montepio acts as a tied Credit Intermediary, exclusively for Montepio Crédito – Instituição Financeira de Crédito S.A., registered with the Bank of Portugal under no. 0796.

What loan amounts and terms can I request?

You can apply for an Auto Loan between €5,000 and €75,000, with a term ranging from 12 to 120 months, allowing you to adjust the instalment to your monthly budget.

 

APR from 8.2%.

 

Check our financing examples.

What are the advantages of an Auto Loan compared to a traditional Personal Loan?
The rate is also fixed, but it is lower.
Does the loan finance the full value of the vehicle?
Yes, the Auto Loan can cover up to 100% of the purchase price.
Is it mandatory to take out comprehensive car insurance (full coverage)?
No, it is not mandatory.
Whose name is the registration under?
The car is registered in your name.
Is there any difference in financing between a new, used, electric, or hybrid car?
The interest rate is lower if the car is electric.
Can the costs be financed?
Yes, the expenses associated with signing the contract (insurance, fees, taxes) can be included in the Auto Loan amount.
Is insurance required?
Yes, life insurance is mandatory for the Auto Loan and can be included in the financing.
Where can I get the life insurance?
You can take out the life insurance for the Auto Loan with Lusitania Vida or with another insurer of your choice, as long as the insurance contract provides a level of coverage equivalent to the one proposed.
What guarantees are accepted?
For amounts above €12,500, a promissory note is required as a guarantee for the Auto Loan.
Can I only request the loan at a Branch?
No, you can do everything online — from the simulation to signing the Auto Loan contract — without leaving home, at www.bancomontepio.pt.
How long does the approval and availability of the financing take?
If approved, your Auto Loan will be made available within up to 2 business days.
Are there any associated fees?
Yes. The fees associated with the Auto Loan are outlined in the current price list.
Can I repay my loan early?
You can repay your Auto Loan before the end of the term, with a fee of 0.25% applied to the amount repaid early (≤1 year) or 0.5% (>1 year).
What is an APR?
APR stands for “Annual Percentage Rate”. This value represents the total cost of the loan, which includes the Nominal Annual Rate (NAR) and all fees and charges associated with the Auto Loan.
What is the MTIC?
MTIC stands for “Total Amount Charged to the Consumer”. This value represents the total amount the customer will pay, which includes the borrowed amount (principal), interest, bank fees, taxes, and mandatory insurance associated with the Auto Loan.

Because with the right loan, you can go further.

100% online. Simulate and apply without leaving home.
Simulate Need help?

Useful links.

* Banco Montepio acts as a tied Credit Intermediary, exclusively for Montepio Crédito – Instituição Financeira de Crédito S.A., registered with the Bank of Portugal under no. 0796.