Car Loans

• Lower rate of interest available for the purchase or refinance of new vehicles which are up to six months old
• Lower rate of interest available for the purchase of used vehicles which are up to 5 years old
• A minimum loan amount of $5,000 with a maximum value of $100,000
• Loan terms range from 1 to 10 years
• All loans must be secured by a goods mortgage over the motor vehicle
• An even lower interest rate is given when the equity in the vehicle is at least 20% deposit (cash and/or trade in)
• New Car loans may also be used for other purposes providing the loan is secured by a new car which is up to six months old