|Condition||Maximum Years||Margin of Finance||Interest rate|
|New||9 years||90%||3.18% p.a.|
How much the bank charges you based on your loan amount & loan period
Anyone between the ages of 18 and 55 can apply for this car loan. If you're younger than 21 it is likely that you'll be asked to provide a guarantor.
You will pay a fixed monthly instalment calculated using a flat interest rate.
The interest rate on this loan is fixed and will remain unchanged for the whole tenure of the loan. If you like the security of knowing what your repayments will be every month this is a great choice.
If you are late making a payment you will pay a penalty of 1% interest on the amount outstanding.
If you fail to pay for two consecutive months the bank has the right to repossess your car.
Yes of course you can. For early settlement, you will be given a rebate based on the unearned interest on the remaining instalment payments.
Commission earner applicant:
We’ll guide you through your application for this financial product