Get your wheels on the road … with
FundsTrust Bank Limited
Auto Loan.
FundsTrust Bank Limited Auto Loan provides flexible short to medium-term financing for purchasing brand-new vehicles. Enjoy the ease of spreading repayments over time, which are available to salaried individuals and business owners.
It enables customer purchase vehicles from auto dealers who have been prequalified and have agreed an SLA with the bank
- Borrow $50,000.00 to $150,000.00
- Payment over 12 to 48 months
- Contribute as low as 20% towards the purchase.
- Comprehensive Insurance on the car for the entire loan period
- No security required
- Competitive pricing and no hidden charges.
- Installation of free tracking device for auto valued at $300, 000 and above(Free for cars above $3milion otherwise, $50,000.00)
- Buy a car of your choice from our list of acceptable brands and spread payment over a convenient period
- We have reliable dealers accredited to ensure you buy from a safe source.
-
Insurance payments conveniently bundled into your loan repayment plan
- No residual cost at end of loan tenure
Car Loan____Eligibility
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.
Car Loan Amortization Schedule
Year |
Opening Balance |
EMI*12 |
Interest paid yearly |
Principal paid yearly |
Closing Balance |
1 |
25,00,000 |
2,28,109 |
1,66,879 |
61,231 |
24,38,769 |
2 |
24,38,769 |
2,28,109 |
1,62,615 |
65,494 |
23,73,276 |
3 |
23,73,276 |
2,28,109 |
1,58,055 |
70,054 |
23,03,222 |