You can purchase your dream car

A car is not always a luxury; it is a necessity in most cases. With a BK car loan, you can purchase a vehicle of your choice. The vehicle can either be new or used but should have a resale value and serviceable at the point of application. The loan is usually short to medium term in duration because of the depreciation impact on the vehicle with the passage of time. The customer is expected to comprehensively insure the vehicle during the life of the loan.

  • Deal at competitive interest rates
  • Done within 7-10 days
  • Repayable within 4-5 years
  • Still able to apply for other loan products
  • Regular monthly income that passes through the account.
  • Loan repayable over 48 months and up to 60 months for a brand new vehicle.
  • The vehicle purchased is the collateral for the loan.
  • Identify the vehicle (below ten years since manufacture)
  • Submit sale agreement and all necessary paperwork

The requirements for individual customers for vehicle loans are:

  • Application letter
  • Completed application form
  • Employment contract(probation duration completed)
  • Pay slips for the last 3 months
  • Employer certificate/Salary assignment
  • Valid Identification documents
  • Spouse ID copy if married
  • Marriage/celibacy/divorced certificates
  • Proforma Invoice (If purchasing from a car dealer)
  • Provisional sale contract (if purchasing from a third party)
  • Copy of the yellow card and photos of the vehicle
  • Proof of 30% participation
  • Comprehensive insurance

Have a question? Find answers here.

Do you need advice?
Call (250) 788-143-000.