Used Vehicle Loan

Necessary documents

Vehicles 1-4 yrs in age

  • Letter of Sale
  • Fully comprehensive Insurance quote
  • Certified copy of ownership
  • Vehicle quotation/letter of sale

Vehicles 4-7 yrs in age

  • Letter of Sale
  • Vendors ID
  • Fully comprehensive Insurance quote
  • Certified copy of ownership
  • Letter of sale
  • Search on vehicle
  • Valuation Report

Maximum value & repayment period

6yrs (72 mths)

Debt service ratio

45%

Interest rate

6% per annum/0.5% per month on reducing balance

Ratio

4:1 for vehicles 1-4 yrs in age
3:1 for vehicles 4-7 yrs in age          2:1 for vehicles 8yrs and older

How much can you borrow? Let's find out.

Step 1

Enter the interest rate

%
Per month on the reducing balance

Step 2

Enter the loan amount

$

Step 3

Enter the repayment period

mths
Your monthly payment

$0.00

Note: Our online calculators are intended as a guide only based on the information you input. The results should not be considered approval for a loan. To find out exact amounts you should speak to us. The repayment amounts and total interest calculations exclude any fees and charges that may be charged to your loan which, if they apply, will add to the cost of loan. Other fees and charges also apply. Conditions apply to all loan options.