Loans - New Auto Loan
New Auto Loan
Loans
Overview
Get up to 100% financing and 7 years to repay on the new car of your dreams and upgrade your ride today.
Features and 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
Documentation
- 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
- Copy of Certificate of Fitness
- Duty Concession Letter (where applicable) plus Trade Board permission to use the vehicle as security
- Import Entry Form
Fees
Commitment fee: 2.75% + GCT of loan amount
Forms
Come in branch and talk to us about opening your account.
