Greece-based auto vertical Car.gr has teamed up with Tbi Bank to offer car loans to its users. On Car.gr, users can apply for a personal loan of up to €15,000 ($16,350 U.S.) from the bank to finance a vehicle purchase.
Car.gr was founded in 2002 as a car and motorcycle classifieds website. With few competitors, it dominates the auto category in Greece. Car.gr also replicates listings from property portal Plot.gr and has a jobs category.
Tbi Bank is a consumer and SME-focused bank that is based in Sofia. Apart from its native Bulgaria, it also operates in Romania, Greece, Germany, Denmark and Poland.
Under the deal with Tbi Bank, the prospective loan applicant fills out an initial application located at the end of an ad on Car.gr. They are then redirected to the bank’s site to complete the process, according to a news announcement.
“We are excited to be working with Car.gr with the aim of making the acquisition of a vehicle much easier and more affordable with a personal loan solution. We jointly leverage our expertise to offer consumers a modern and simplified payment process. By strengthening our network of partnerships with Car.gr, we open the way for the purchase of vehicles from private to private, without visiting the bank,” said Kostas Tovil of Tbi Bank.