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Many people who own a vehicle are looking for the best deal on a new car.
One way to save money is to shop around for financing.
However, it is not always easy to find the best deal, especially when you are shopping for a new car.
This article will walk you through the process of finding the best financing in the market.
You’ll learn how to use CalBank Universal Motors to purchase a brand new VW vehicle locally assembled in Ghana and drive it home today.
The CalBank is a bank you can trust. It has the ability to finance the vehicle of your dreams. And the best part of this loan is the flexible terms it offers.
Without further ado, let’s get down to business!
What is CalBank Universal Motors Auto Loan?
CalBank Universal Motors Auto Loan is a product designed to enable both existing clients and non-customers access funds or top up their funds for the purchase of brand new locally assembled VW Vehicles.
Permanent staff of reputable organisations who have been in employment for not less than three months can access the facility.
What does this loan have to offer?
- Loan Repayment: Annuity payment method (Same amount is paid monthly)
- Repayment period: A minimum of six (6) months and a maximum of forty-eight (48) months
- Security:1) Charge over the vehicle to be purchased (Vehicle Registration in the Joint names of the client and the Bank).
2) Personal Guarantee of the Borrower
3) Assignment of proceeds from insurance of the vehicle
- Pricing: Attractive Pricing
- Facilities are disbursed on a timely basis.
- Flexible terms of repayment.
- Clients shall be updated on monthly loan repayment via our CalBank Alert.
What is the eligibility of CalBank’s Universal Motors Auto Loan?
As aan applicant of CalBank Universal Motors Auto Loan, you must/should be the following in order to qualify for this loan product:-
- The Borrower should be a salaried worker who has been in employment for not less than three (3) months.
- Age Limit: 18 to 59 years.
- Employment Records: Endorsement of request by the Applicant’s employer
CalBank Universal Motors Auto Loan Requirements?
Once you are certain that you are eligible for this loan product offered by CalBank, there are some few requirements you must meet.
Below are all the requirements an applicant of CalBank Universal Motors Auto Loan must meet before they can be given the loan.
Keenly read through:-
- One Passport Picture
- Proof of Address- Utility Bill/Tenancy Agreement
- Personal Identification-Passport/Voter’s ID Card/Driver’s License
- Introductory Letter from Employers
- Current Pay Slip (3 months most recent)
- Six months Bank statements of the borrower with the monthly salaries highlighted (for non CalBank customers).
- Company undertaking to channel salaries through the account (CalBank Customer)
- Company undertaking to deduct repayment at source and notify the Bank when the employee resigns, or his employment gets terminated (for non CalBank customers)
- Pro forma Invoice from the Vendor
- Personal Disclosure form of individual (to be provided by the Bank)
- ID cards of referees
How to apply for CalBank Universal Motors Auto LoanUniversal Motors Auto Loan?
Now that you know Almost everything about this loan, especially the Eligibility and requirements, you should know whether you are eligible or not if you are are eligible and meets all the requirements,
kindly visits the nearest CalBank to start your Universal Motors Auto loan application process.
It’s very simple and snappy.
How to contact CalBank?
You can contact the CalBank support team via email or phone call.
- 23 Independence Avenue
- P.O.Box 14596 Accra, Ghana
- +233 302 680 062
- +233 302 680 063
- +233 302 680 065
- +233 302 680 079
- +233 800 500 500
Today, we present CalBank Universal Motors Auto Loan.
We hope you enjoy reading about the eligibility, requirements of CalBank Universal Motors Auto Loan.
Please take the time to consider all the requirements before you start the loan application process.
If you have any questions or concerns, please don’t hesitate to share with us in the comments section.
Thank you for visiting!