Purchase a new car

This loan is designed to achieve the client’s dream of buying a new car (0 mileage) with a LTV ratio (loan to value) up to 100% in some banks. All according to the client’s income as a value and a source.

LTV : Loan To Value ratio means the amount of the loan in comparison of the value of the car/home/land etc.

Ex: Buying a car for 10,000 and getting a loan for 8,000, that’s 80% LTV.

Purchase a used car

This loan aims to achieve the client’s need of buying a used car according to his income, and this type of loan has two main differences between the banks.

• The age of the car at the final maturity date for the loan such as German cars can be up to 12 years from the date of manufacture to the maturity loan, the Korean cars can be given 10 years according to some bank’s policies. (Each bank has their own policy regarding this issue)
• The property you want to mortgage must be Regulated property and must not be Agricultural or Common Land.