Motor Vehicle Loan 7 - 8 years

Purpose of Loan

This loan allows you to purchase a vehicle between 7 and 8 years of age.

Interest Rate

17.5

Maximum Time to Repay

6 Years

Requirements

* You should have a minimum of 15% of the loan amount. * Proof of Income (payslips, check stubs, job letter, audited financial statements, income and expenditure statements.) * Take in a copy of the C-78 form and Certificate of Fitness if the vehicle is being purchased from a Car Dealer. * Take in copies of the Vehicle Title, Certificate of Fitness and Certificate of Registration if the vehicle is being purchased from an individual. * Letter from the Insurance Company stating the cost of Comprehensive Insurance and their willingness to note the Credit Union’s interest in the vehicle.

Please Note: The details of this loan are subject to change without prior notice.