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Information
Auto dealer financing
Auto dealer financing
VIB sponsors auto dealers a credit limit for working capital and payment guarantee according to specific car orders with manufacturers
Reasonable term
Unsercured term (the time without car certificates at VIB) up to 30 days
High support rate
Loan to value up to 90% with CBU (completely Built-up) vehicals, 85% with CKD (completely Knocked-Down) vehicals
Quick procedure
Fast and simple procedures.
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Features
Customer
Auto dealers
Condition
- Customer has an valid agency contract with manufacturers.
- Customer has at least 2 years of car sales and distribution.
Loan to value
CBU vehical: up to 90%
CKD vehical: up to 85%
Tenor
- Limit term: maximum 12 months.
- Duration for each dibursement: up to 06 months.
- Term of guarantee: maximum 45 days.
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