Meet Us Halfway Pay 50% of your brand-new or pre-owned car’s price and get your car loan approved within hours.
WHAT DO I NEED? - Copy of ID - Driving License - Proof of Income - Proof of Residence
The Car Loan’s amount including the insurance premium cannot exceed 75% of the validated car’s price.
CATEGORIES New Cars: - Currency: USD - Minimum Down Payment: 50% - Interest Rate: 9% - Loan Period: Up to 5 years - Car Insurance: - All Risk Regular Insurance - All Risk VIP insurance - Obligatory Insurance: Included in the loan and free for the 1st year
Used Cars: - Currency: USD - Minimum Down Payment: 50% - Interest Rate: 9% - Loan Period: Up to 5 years - Car Insurance: All Risk Regular Insurance - Obligatory Insurance: Included in the loan and free for the 1st year
What is the Annual Percentage Rate (APR)? The Annual Percentage Rate also known as APR describes the annual rate applied on a loan for the whole period. APR calculation includes, other than the monthly payments, all mandatory fees that clients need to pay such as the file fees, stamp fees and life insurance fees. APR calculation excludes the late payment fees and early settlement fees.
What are the fees that are calculated in the APR for the Car Loan? File fees, stamp fees and mortgage fees (car insurance fees not included) Example of the APR calculation for the Car Loan: Currency: USD Car status: New
CAR PRICE DOWN PAYMENT PERIOD (YEARS) RATE (FLAT) APR USD 40,000 USD 20,000 4 9% 18.88% (Excluding car insurance fees)