What it means for you
Power your business with the right vehicles
The CalBank Auto Loan offers flexible financing for cars, vans, trucks, and commercial fleets, all at competitive rates and convenient repayment terms.
CalBank Auto Loan
Get the mobility your business needs to move forward.
- Annuity payment method
- The vehicle must not be older than five (5) years
- Tenure is 60 months or less
- Charge over vehicle to be purchased
- Personal Guarantee of applicant.
- Vehicle shall be registered and insured in the joint names of CalBank and client
- Not more than 45% of income is debited
- Current Base Rate + Agreed margin
- Arrangement and processing fees of 3% to be paid upfront.
- The bank finances up to 80% of the value of the vehicle
- The vehicle will be comprehensively insured
- Readily available credit on timely basis
- Flexible terms of repayment.
- Prompt advisory services shall be given by a team of dedicated account managers.
- Minimum salary should be GHS500.00
- Applicant must be 18-53 ages
- Six (6) months or at the discretion of the credit manager
- Six (6) months Bank Statement is required from clients with account relationship with other banks
- Clients shall be updated on monthly loan repayment via our CalBank Alert
- The qualified client must be an accountholder to access the facility.
- The client must complete the Auto Loan application form
- Security required may include the vehicle to be purchased, Provident Fund, Landed Property and Employer’s Guarantee, Near Cash Securities, Shares, Warrants, etc.
