Car Loan
- Loan Available for purchase of a brand new OR secondhand vehicle
- Loan amount is subject to the repayment capacity of the borrower.
- Maximum repayment period from 5 to 7 years depending on the amount being applied for
- Competitive interest rate
- Vehicle must be insured under full comprehensive insurance cover with the financial interest of the Bank noted thereon
- As security, pledge over vehicle required
- Personal Contribution will depend on the age of the vehicle
- Valid ID card or Valid passport
- Salary assignment form duly signed and stamped by paymaster
- Valid proof of address (Utility bills)
- Latest proof of income (Payslip) or proof of any additional income if applicable e.g. spouse’s income