If you’re 18 years or over, you can enjoy the convenience that comes with having your own vehicle with an auto loan from The Bank of Nevis Ltd. We offer a variety of financing options for both new and used vehicles at unbeatable terms and very competitive interest rates. Choose the car loan that’s right for you!
Here’s a list of the items that you should bring with you when you submit your application:
- Input
|
Age of Vehicle
|
Input
|
|
New – 1 year old
|
10%
|
|
2 – 4 years old
|
25%
|
|
5 – 6 years old
|
30%
|
- Two forms of photo identification (passport, social security card or driver’s licence)
- Job letter confirming the applicant’s salary, date of employment and status of employment
- Signed letter or invoice indicating the cost and description of the vehicle from the vendor or auto dealer
- Independent valuation for used vehicles from a mechanic.
Security required (at customer’s expense):
Our Terms and Interest Rates at a glance …
|
Age of Vehicle
|
Term
|
Interest Rate
|
|
New
|
6 years
|
10 – 11% p.a reducing balance
|
|
Used vehicle (1 year old)
|
5 years
|
10 – 11% p.a reducing balance
|
|
Used vehicle (2 years old)
|
5 years
|
12 – 14% p.a reducing balance
|
|
Used vehicle (3 years old)
|
4 years
|
12 – 14% p.a reducing balance
|
|
Used vehicle (4 years old)
|
4 years
|
12 – 14% p.a reducing balance
|
|
Used vehicle (5 years old)
|
3 years
|
12 – 14% p.a reducing balance
|
|
Used vehicle (6 years old)
|
3 years
|
12 – 14% p.a reducing balance
|
| 
Deposit
