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

  • Lending Rate