The Vehicle loan facility is designed for salaried individuals and self employed persons who would like to purchase a new/ reconditioned or second hand vehicle at very attractive rates.

New/ Reconditioned Vehicles

The bank allows a loan of maximum of G$3,500,000 for the purchase of a new / reconditioned vehicle. Customers are required to finance 20% of the cost of the vehicle and the bank will finance 80%.

Documents Required

  • Application Form
  • ID/ Passport
  • Proof of Address
  • Payslip & Job Letter (Most Recent)
  • Tin Certificate
  • 2 Passport sized photographs
  • Statement of other savings account (If any)
  • Quotation for New/ Reconditioned Vehicle

(Additional information may be required upon bank’s request)

Second Hand Vehicles

The bank allows a maximum of G$1,500,000 for the purchase of second hand vehicles. These vehicles should not be registered in Guyana for more than three (3) years.

Customers are required to finance 30% of the cost of the vehicle and the bank will finance 70%.

Documents Required

  • Application Form
  • ID/ Passport
  • Proof of Address
  • Payslip & Job Letter (Most Recent)
  • Tin Certificate
  • 2 Passport sized photographs
  • Statement of other savings account (If any)
  • Valuation & Agreement of sale for Vehicle

(Additional information may be required upon bank’s request)