Motor Vehicle Loan

A Motor Vehicle Loan is a term loan granted for the purchase of new motor vehicles. The loan does not, however, include the cost of spare parts or luxury items.
In addition to the General Eligibility Criteria, customers shall fulfill the following specific requirements.

• The motor vehicles to be financed should meet the standard specification of the Ministry of Transport – Transport Authority.
• The motor vehicles to be bought shall only be new brand.
• The applicant should provide two proforma invoices from legally licensed supplier, but one proforma invoice for sole agent supplier, which will be verified by sole agent confirmation letter, and/or for suppliers with which the bank has business relationship.