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
• FREE pre-approved $500 credit card
• Competitive insurance premiums
• FREE Road Assistance service

What can you borrow?

• New! Car Loan in LBP with flexible amount up to LBP 45,000,000 for used cars only
• 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 75% for used cars
• Flexible repayment period up to 6 years for new cars and 5 years for used cars
• Low monthly payments, not exceeding 33% of the monthly income for both employees and the self-employed
• Highly competitive interest rate

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
  • Other guarantees on case by case basis