Vehicle Loans

Steer your dream in the right direction with a Vehicle Loan from Demerara Bank.

New Vehicles

  • Maximum Amount: $10M
  • Applicant's Contribution: 10% - 15%
  • Repayment Term: 6-8 years
  • Competitive Interest Rates

Reconditioned Vehicles (Private Use)

  • Maximum Amount: $10M
  • Applicant's Contribution: 20%
  • Repayment Term: 5 years
  • Competitive Interest Rates

Requirements

  • Valid Driver's Licence or one form of valid Identification,
  • Proof of Address & TIN
  • Evidence of Income
  • Certificate of Valuation (if applicable)
  • Quotation / Agreement of Sale
  • Photographs of Vehicle
  • Evidence of Contribution

Benefits:

  • Low Interest rate
  • Minimum contribution of 20%
  • Fast Approvals
  • No Hidden Fees

 

Terms & Condition apply

 

Loan Application Form

Statement of Affairs Form