Car Loan

Make your dream come true with Canadia Bank Auto Finance by providing customers an easy and convenient way to get into the car or motorbike they wish to have. All customers can make their vehicle dream become reality with an affordable monthly payment and without any collateral.
Features and Conditions
Interest rate per annum Brand New Car From 8% to 12%
Used Car From 13% to 18%
Loan amount Up to 80% of car price
Repayment method Monthly principle plus interest
Loan term Up to 84 months
Bank service charge Minimum USD250 or 1.50% of loan limit
Pre-payment charge
  • 1% of principle after 6 months
  • No charge for loan renewal
Car Insurance YES
Requirements Employee
  • Valid National ID card/passport
  • Family book/residential book
  • Valid driving license
  • Copy of land certificate as proof of residence
  • Employment certificate/payslips/bank statement, and/or other relevant documents (must pass probation) at least 3 months
Business owner
  • Valid National ID card/passport
  • Family book/residential book
  • Valid driving license
  • Copy of land certificate as proof of residence
  • Business license (base on type of business), if any
  • Income statement for the last 6 months

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Car Loan

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