You can compare the best offers from various banks using our features and services, and apply online within no time. The bank staff will then approach you to process your application as per your eligibility.
An OTR Price, stands for On-the-Road price, is the price that you pay for a new car and includes the additional costs of the first registration fee, number plates and your first year’s road tax.
If you are struggling with your finances and you think you might not be able to make your repayments, you should contact your lender as soon as possible. They might be able to help you work out an easier repayment plan. Not letting your bank know could lead to a penalty for missing any payments. A missed payment could harm your credit score and any assets secured against could eventually be repossessed.
Banks usually offer new cars (national and foreign), used cars (national and foreign), and motorbikes/superbikes. The car nationality, model, loan amount, and financing period will determine the rates that you will have to pay.
When looking to finance a new car, consider what is the most affordable for your circumstances. When deciding what is the best way to finance a car, you’ll need to consider the rates and any charges added to the finance plan you take out, and the size of your monthly repayments.
Banks usually offer financing tenure of up to 9 years for cars and up to 7 years for motorbikes. However, you can get terms for longer or shorter periods depending on the bank’s approval and agreement. Generally, the longer the financing period, the lower the repayments but the higher the rates charged.