Car Loan

What is it?

• If you have your eye on a new or a used car, FRANSABANK’s car loan can help you get behind the wheel
• Acceptance of file within 24 hours
• Competitive insurance premiums are offered
• Free road emergency assistance comes with the package 

What can you borrow?

• Flexible loan amount up to USD 75,000 for new cars and USD 30,000 for used cars.
• High financing amount up to 85% for new cars and up to 80% for used cars.
• Flexible repayment period up to 6 years for new cars and 5 years for used cars (in case car price >USD 15,000).
• Low monthly payments, not exceeding 33% of the monthly income for both employees and the self-employed
• Highly competitive interest rate
• Free MasterCard Card

How can you get it?

• Applicant should have a minimum age of 18 years and not to exceed 62 years at maturity of the loan.  
• Applicant should be an employee with a minimum of 1 year of service in the current company or professional with a steady income with a minimum of 2 years in the same occupation.
• No salary domiciliation is required.
• Other guarantees on case by case basis
• Guarantees:    
  • Car mortgage
  • Car insurance
  • Life insurance
  • Other guarantees on case by case basis