Installment loans for car purchase

PVFC lends customers installment loans to purchase cars and amortize following terms until maturity of loans.

Eligible customers

• Borrowers who have stable income (including salary and other incomes), assured and proved loan repayment capacity.

• Borrowers who have equity to purchase a car (minimum 30% of the car).
• Purchased car is 100% new, complete unit, manufactured, assembled in domestic or imported from foreign countries.

Benefits:

• Support car purchasing credit up to 70% of car’s value.
• Loan term up to 4 years
• Preferred, competitive interest rate.
• Simple procedure

Required documents:

Legal documents:

• Loan application form (click here to download)
• ID, house registration book (copied);

• Copy of Marriage Registration Certificate of borrowers (if husband or wife is not in the same house hold book) Certificate of No Marriage (if borrower is single);

• Labour contract
• Salary slip and other income certificate (if any) of borrower.

Documents proving capital spending purpose

• Car purchasing contract (copied)
• Invoice of car purchasing deposit of borrowers’ equity (copied)

Documents proving principal and interest repayment source

Contact: Transaction office of PVFC nationwide.

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