Auto Loans
Individuals can access this loan, to finance the purchase of a new or used motor vehicle
Benefits
Features
Required Internal Documents
Required External Document
Required Vehicle Documents
Benefits
- Fast approval
- Payment options: Account Debit (NCB and BNS) and Salary Deduction
- Insurance Premium Finance (IPF) available for car loans
Features
- Motor Vehicles up to ten (10) years old
- Low Processing Fee
- Flexible and low payment terms
- Disbursement upon transfer of vehicle
- Individual and joint applications accepted
Required Internal Documents
- Completed Application form
- Signed Verification Authorization
- Signed Salary Deduction Letter/Standing Order form/ NCB E-Link/ Scotia Direct Debit
- Signed consent to pull credit reports from credit bureaus
- Signed Promissory Note
- Letter of Undertaking
- Signed Insurance Endorsement
Required External Document
- Two(2) Valid GOJ identification: driver’s license, passport, voter registration card.
- Proof of address: utility bill, credit card statement, bank statement or letter from a Justice of the Peace (JP).
- Tax Registration Number or driver’s license.
- Proof of income: Last three months’ pay slips, 3-6 months bank statement.
- Proof of employment: Job Letter, Contract, Staff ID (only for other financial Institution and Security Officers).
- Completed statement of affairs: Last three months income and expenditure statement.
- Credit Letter from Company
Required Vehicle Documents
- Proforma Invoice
- Copy of Title
- Copy of Fitness
- Copy of Registration
- Valuation (Not Older than _ Months)
- Mechanical Report (Vehicles older than three (3) years old)
- Notice of Lien
- Insurance Letter/Cover Note and Receipt
- Consumer Bill of Sale
- Down payment receipt (if applicable)
- Copy of license Sticker (if applicable)
Your Dream Car Awaits
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