The Motor Vehicle Loan provides up to 90% financing on personal vehicles with up to 8 years to repay
Motor Vehicle Loan
About This Loan
The Motor Vehicle loan offers members the opportunity to receive up to 90% financing for personal vehicles, with up to 8 years to repay
What You Need To Know
Up To
Unlimited
in Available Funds
8 Years
To Repay
Up To
3 - 5 Working Days
Avg. Approval Time
As Low As
10%
Interest Rate
Up To
Additional Information
Who is This Loan Primarily For?
Cornwall County residents wishing to purchase a new personal vehicle or truck
Do I Need Collateral To Apply For This Loan?
No, the vehicle will be used as the collateral.
Minimum Amount Disbursed For This Loan?
No Minimum
What Are The Requirements To Apply For This Loan?
A valid driver’s license
Credit report from a credit bureau
Employment Letter
3 recent payslips, where using a guarantor, their payslips and employment letter must be presented
Passport sized pictures
Sales Agreement or Pro Forma Invoice from Car Dealer/Vendor
Valuation Report
Copy of Motor Vehicle Title/ Import Entry Document
Copy of Fitness and Registration Certificates
Insurance Quotation (Comprehensive Only)
