Car Loan Scheme
Car Loan is given for buying new/ used passenger cars, Multi Utility Vehicles (MUVs), Sport Utility Vehicles (SUVs) to employed individuals, professionals and self-employed people.
- Minimum net income of person : USD 36,000 per annum
- Age of person : 21-55 years
- Loan amount: upto 75% of the value of the car – minimum ZAR 50,000.
- Competitive interest rates
- Repayment in easy equated monthly instalments (EMI) which takes care of the interest component.
- EMI not to be more than 40% of net monthly income
- Repayment period : 12 months to 60 months