What documents do you need for car finance in Portugal?

At a glance: car finance in Portugal requires identification, a residence card or Portuguese Citizen Card, a NIF, proof of address, an IBAN and proof of income. The exact requirements depend on the partner bank.

The usual requirements

1. Identification: a passport or ID card.
2. A residence card or Portuguese Citizen Card: obtaining credit without residency in Portugal is difficult.
3. NIF — your Portuguese tax number.
4. Proof of address: an electricity, water, gas, phone or internet bill in your name.
5. IBAN: a document from your online banking showing your account number.
6. Proof of income, depending on how you work.
7. A guarantor: having one can significantly improve your chances of approval.

Proof of income

• Employees: salary slips, known as recibos de vencimento. Banks usually ask for the last 3 months; for smaller amounts, the latest slip may sometimes be enough.
• Self-employed people and business owners: the latest IRS income tax return.

What else the bank considers

Your existing loans and payments, how long you have been in your current job, your household, whether you have a guarantor, and the loan amount and term. The final rate and deposit are therefore assessed individually.

How it works on GRANT AUTO

Choose a car in the catalogue and use the finance calculator to see an estimated monthly payment. Your application goes to the dealership’s finance manager, who will confirm the documents required and the terms available.

Frequently asked questions

Can I get finance without a residence permit?

No. Foreign buyers need a residence card for car finance in Portugal.

What are recibos de vencimento?

They are monthly salary slips issued by your employer.

Can I get finance without a deposit?

This depends on the partner bank and your financial profile.