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The Ísland.is App

You can apply for both loans and a refund or grant for the purchase of the same car, but to receive the full amount paid, the purchase price of the car must not be less than the combined amount of the refund/grant and the loan.

For loans and compensation for car purchases:

  • minimum 680.000 ISK

For loans and grants for the purchase of a car:

  • minimum 2.340.000 ISK

Compensation for the purchase of a car - frequently asked questions