Get upto 1.25% on our Investment Accounts with Demerara Bank.

Vehicle Loans

No Waiting; Just Driving With Same Day Approval

Financing Available For:

New Vehicles 

  • Maximum Amount – $10M
  • Applicant’s Contribution: 10% – 15%
  • Repayment Term: 6-8 years
  • Interest Rate: 11% p.a. at Reducing Balance

Reconditioned Vehicles – Private Use 

  • Maximum Amount – $10M
  • Applicant’s Contribution: 20%
  • Repayment Term: 5 years
  • Interest Rate: 12.5% p.a. at Reducing Balance

Reconditioned Vehicles – Hire Use 

  • Maximum Amount – 10M
  • Applicant’s Contribution: 30%
  • Repayment Term: 4 years
  • Interest Rate: 13.5% p.a. at Reducing Balance

Second-Hand Vehicles 

  • Maximum Amount – 60% of the Value of the Vehicle
  • Applicant’s Contribution: 40% of the Value of the Vehicle
  • Repayment Term: 3 years
  • Interest Rate: 14% p.a. at Reducing Balance

Requirements:

  1. A valid Driver’s Licence (the card)
  2. National Identification Card or Valid Passport
  3. Recent Proof of Address (dated within the last 6 months)
  4. TIN Certificatte
  5. A Job Letter or Payslip (issued within the last 3 months). If self-employed, your Business Registration and prior year financials are required.
  6. Quotation / Agreement of Sale
  7. Photo of Vehicle
  8. Evidence of Contribution
  •  

Apply Now!

    Personal Details

    *Title
    *First Name
    Middle Name
    *Last Name

    *Date of Birth
    *Marital Status
    *Dependents

    *Current Bank
    *Number of Years With Current Bank

    *Current Borrowings
    Value of Current Borrowings (GY$)

    Primary Identification Document
    *Document Type
    Document Number
    *Issue Date
    *Country of Issue

    *Expiry Date

    Contact Details

    Home Phone
    *Mobile Phone
    Work Phone
    *Email

    *Residency
    *Nationality
    *Country of Birth
    *Country of Residence

    *Lot/Apt & Street
    *Village/City/Town
    *County/State
    Zip/Postal Code
    *Country

    Income/Employment Records

    *Primary Income
    *Monthly Expenses (GY$)
    *Employment/Income Details

    Employment Details
    *TIN
    *Employer
    *Occupation
    Date of Employment
    *Monthly Income (GY$)
    Self Employed
    *Business Name
    Business Registration #
    *Date of Registration
    *Position
    *Monthly Income (GY$)

    Loan Details

    *Preferred Branch
    *Type of Vehicle Loan
    *Loan Amount (GY$)
    *Down Payment (GY$)



    Upload Required Documents (jpeg/pdf files)

    *Upload Primary Identification (as selected above)
    Upload TIN Certificate

    *Upload Recent Proof of Address
    *Upload Statement of Income/Projections/Payslip/Job Letter

    *Upload Certificate of Valuation
    *Upload Agreement of Sale

    Upload Photo of Vehicle (first or third angle)
    *Upload Quotation of Vehicle



    Do you have a co-applicant?

    Co-applicant’s Personal Details

    *Title
    *First Name
    Middle Name
    *Last Name

    *Date of Birth
    *Marital Status
    *Dependents

    *Current Bank
    *Number of Years With Current Bank

    *Current Borrowings
    Value of Current Borrowings (GY$)

    Co-applicant’ Primary Identification Document
    *Document Type
    *Document Number
    *Issue Date
    *Country of Issue

    *Expiry Date

    Co-applicant’s Contact Details

    Home Phone
    *Mobile Phone
    Work Phone
    *Email

    *Residency
    *Nationality
    *Country of Birth
    *Country of Residence

    *Lot/Apt & Street
    *Village/City/Town
    *County/State
    Zip/Postal Code
    *Country

    Co-applicant’s Income/Employment Records

    *Primary Income
    *Monthly Expenses (GY$)
    *Employment/Income Details

    Employment Details
    *TIN
    *Employer
    *Occupation
    Date of Employment
    *Monthly Income (GY$)
    Self Employed
    *Business Name
    Business Registration #
    *Date of Registration
    *Position
    *Monthly Income (GY$)



    Upload Required Documents for Co-applicant (jpeg/pdf files)

    *Upload Primary Identification (as selected above)
    Upload TIN Certificate

    *Upload Recent Proof of Address
    *Upload Statement of Income/Projections/Payslip/Job Letter


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