Frequently asked questions

Frequently asked questions

Questions and answers on Mogo's services

Applying

Mogo offers loans to anyone who lives in Finland and is at least 18 years old.

Submit the application through Mogo website. Then we will review the application and evaluate your vehicle. To submit the application, enter your personal details on the application form. If the answer is positive, the contract can be signed digitally (if you have Finnish online banking credentials) or you can identify with your ID at our partner. After concluding the contract, register the vehicle ownership over to Mogo Oy and become the responsible user of the vehicle. Notify Mogo upon completing all the paperwork and enjoy your new vehicle!

Mogo decides, whether guarantor is needed, when evaluating each individual application. For business customers surety is a requirement.

The process of buying a vehicle

If you find a suitable vehicle, submit the application with the attached promo code received from the partner. This code gives you better loan terms! We will review your application in a moment and in case of a positive decision we will conclude the contract. After concluding the contract, register the vehicle in the name of Mogo Oy and become the responsible user of the vehicle.

If you find a suitable vehicle, submit the application to us! We will review it as soon as possible! We will be sending you a contract that you and the seller can sign. After concluding the contract, register the vehicle in the name of Mogo Oy and become the responsible user of the vehicle. Notify Mogo upon completing all the paperwork and enjoy your new vehicle!

To draw up a loan Agreement the document for identification is required: a passport, an ID card or a residence permit. 

The execution of a traffic insurance policy is mandatory after the registry operations have been performed by the Road Administration (upon writing the vehicle in the name of Mogo). Casco insurance is not obligatory.

Payments

Pay your monthly installments according to the payment schedule specified in the contract. You can pay by bank transfer using one of the following accounts:

XXXXXX
XXXXXX

XXXXXX

Add the contract number to the explanation field.

Yes, early repayment of the loan is free of charge.

Useful information

Contact Mogo’s Customer Service and inform us of your wish to sell the vehicle. We will then send you the final invoice. Once the final invoice has been paid, we will sign the final act, on the basis of which you will be able to register the vehicle in the name of the buyer.

After the loan repayment, the final act must be signed digitally. Afterwards you will be able to register the vehicle in your own name.

Yes, please let us know, if you change your contact details via email (info@mogo.fi) or via phone (XXX XXXX XXX).

Mogo car loan is repaid in monthly instalments. Cash withdrawals are not allowed. Repayment in 12 months to 96 months, loan € 3 000 to € 25 000, monthly service fee € 14, nominal annual interest rate 14% or 25% and APR is 16,05 % to 40,71 % depending on maturity, loan amount and interest rate. Loan repayment example: APR for € 8 000 loan is 18,39%. Calculation is based on 96 monthly repayments, € 152,97 monthly repayment, monthly service fee € 14 per kk and 14 % interest rate. Principal, interest and costs are € 14 685,54. Loan repayment example: APR for € 3 000 loan is 26,68%. Calculation is based on 12 monthly repayments, € 283,36 monthly repayment, monthly service fee € 14 per kk and 25 % interest rate. Principal, interest and costs are € 3 400,34.

05-10-2022 18:46:35