Used Auto Loan

overview

Loans

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

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

FAQs

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 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

forms

Come in branch and talk to us about opening your account.