Drive the car of your dreams with low rates, fast approval and free 1 year car insurance. Buying a car has never been easier. Apply for a car loan that suits your lifestyle with flexible payment terms and fast approval. It also comes with FREE 1 year car insurance.
You can use it for the:
Features
Loan Amount
Payment Terms
Down Payment: As low as 20% of purchase price
Approval Time: 1 banking day, from receipt of complete application form and requirements
Maximum Car Age: Up to 11 years old, for second hand, the age of vehicle + loan tenor should not exceed 11 years
Loanable amount: Minimum of P 400,000 for brand new and minimum of P 100,000 for used/second hand vehicle.
Acceptable vehicle collateral
Eligibility Requirements
Documentary Requirements
Deed of Sale
PNP Clearance and Macro Etching Certificate
Bill of lading and importation papers, including proof of payment on custom and duty taxes (for imported units only)
How to Apply
Scan or take pictures of your ID and proof of income. page.
Apply online or at your nearest branch.
Wait for processing and approval (as fast as 1 day!)
What are the loan payment options?
Standard Straight Financing Scheme
One Month Advance
First net monthly instalment shall commence at the time of delivery/release.
Second net monthly instalment shall commence not more than 35 days from date of delivery (for new) or from booking date (for 2nd hand).
Subsequent amortization due dates shall follow the date of the second amortization.
How do I make my payments?
You can subscribe to an Auto Debit Arrangement (ADA) from a Security Bank account or pay through post-dated checks.
What are the fees and charges that I have to pay?
Chattel Mortgage Fee (CMF) | Inclusive of documentary stamp tax, processing fee and notarial fee |
Collection Fee | 3% of unpaid net monthly amortization |
Late Payment Interest | 3% of unpaid net monthly installment |
Equity Mobile App is a new mobile banking app that replaces the old Eazzy Banking…
Loop by NCBA is a digital banking service by NCBA Bank Kenya that lets customers…
What are the requirements for a customer to have a Timiza Account? Be a registered…
Absa Bank launched Timiza, a mobile banking App that allows people to apply for loans…
1. Fuliza Fuliza is an on-going overdraft service available for Safaricom’s M-PESA customers for them…
1. Mobile Loan Family Bank mobile loan allows both their customers’ and non-customers to access…