The ING Car Loan is an instalment loan for private purposes.
A concrete example, let us say that you take out an ING Car loan for an amount of 15,000 euros (average amount granted by ING for this type of loan) for a term of 48 months. With a (fixed) ACP of 2,05% ((fixed) debit interest rate) of 2,05% per annum, you will repay 325,62 euros a month (i.e. a total of 15.629,76 euros after 48 months). For any other credit amount or term, please enquire at your ING branch.