overview

Access flexible financing on used vehicles at competitive interest rates with Sagicor Bank and upgrade your ride today.

Additional Product Details

product benefits

  • For the purchase of any new vehicle for private use
  • Up to 100% financing
  • Up to 7 years to repay
  • Competitive interest rate
  • ICWI discounts for new and used vehicles
  • Collateral Required – Registered Mortgage Bill of Sale over asset; full comprehensive Auto Insurance with Mortgage Clause attached

Click here to view the full requirements for opening a Sagicor bank account.

required documents

  • One form of identification i.e. either Driver’s License, National ID or Passport
  • Taxpayer Registration Number (TRN)
  • Current job letter and last months’ pay slips. Self-employed individuals must provide financial statements for the last 3 years
  • Recent Utility Bill
  • Pro-forma Invoice from the Car Dealer or Sale Agreement
  • Copy of Certificate of Fitness
  • Certificate of Title and Registration
  • Duty Concession Letter (where applicable) plus Trade Board permission to use the vehicle as security
  • Import Entry Form (where applicable)


fees

Commitment fee: 2.75% + GCT of loan amount