An installment loan for the purchase of vehicles aged between 1 to 4 years. Vehicles older than 4 years will not be financed by the Bank.
Scheme
- It is a personal loan for the purchase of vehicles.
Amount
- 85% financing for brand new cars.
- 70% financing for cars aged between 1 to 4 years old.
- Unit Trust holders may borrow at 100% for cars aged from 1 to 4 years.
Term
- Term Maximum of sixty (60) months or 5 years from date of disbursement for brand new cars.
- Maximum of thirty-six (36) months or 3 years for cars aged 1 to 4 years.
Repayment Plan
- Repayment Plan Monthly Installments
- Standing Orders to debit current account.
Interest Rate
- Provide a Tenancy agreement endorsed by your employer
