The First World Finance - Savings Auto Loan!
Get your wheels on the road … with the First World Finance - Savings Limited Auto Loan.
The First World Finance - Savings Limited Auto loan offers you short to medium term loans for the purchase of brand new vehicles with the convenience of spreading repayments over a period of time. This is available to both salaried customers and business owners. It enables customer purchase vehicles from auto dealers who have been prequalified and have agreed an SLA with the bank
Features
- Borrow $50,000.00 to $150,000.00
- Payment over 12 to 48 months
- Contribute as low as 20% towards the purchase.
- Comprehensive Insurance on the car for the entire loan period
- No security required
- Competitive pricing and no hidden charges.
Benefits
- Installation of free tracking device for auto valued at $300, 000 and above(Free for cars above $3milion otherwise, $50,000.00)
- Buy a car of your choice from our list of acceptable brands and spread payment over a convenient period
- We have reliable dealers accredited to ensure you buy from a safe source.
- Convenient insurance payment included in the loan repayment amount
- No residual cost at end of loan tenure
Car Loan____Eligibility
Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a personal loan.
Car Loan Amortization Schedule
| Year | Opening Balance | EMI*12 | Interest paid yearly | Principal paid yearly | Closing Balance |
|---|---|---|---|---|---|
| 1 | 25,000,000 | 2,280,109 | 1,660,879 | 61,231 | 24,380,769 |
| 2 | 24,380,769 | 2,285,109 | 1,626,615 | 65,494 | 23,739,276 |
| 3 | 23,73,276 | 2,289,109 | 1,581,055 | 70,054 | 23,034,222 |
Online Banking Services
Experience online banking system at it's very best. The security of of customer's assets and valuables are one of our top priorities.
First World Finance Bank provides a well equiped online banking system heavily concentrated on customer satisfaction.
Business banking
We offer the best business banking services available in the banking world.
A lot of great businesses trust us with securing and even handling their finances. Join that list!
Personal Loans
We offer the best personal loan services with the lowest interest rate and under very fair conditions.
Loans are not only for businesses and establishments, indivduals get loans too.
Investment Banking
Investment Banking does not have to be as hard as people say it is, with First World Finance Bank we make sure it's all easy for you!.
Investment banking is a type of banking that organizes large, complex financial transactions such as mergers or initial public offering (IPO) underwriting
Mortgage Services
Experience the mortgage journey in the swiftest and stress free way.
With First World Finance Bank, you could be a landlord faster than you ever dreamt. Make a move with us.
Bank Cards
You need bank cards with no hidden fees or unneccessary fees attached.
First World Finance Bank provides customers with varieties of both credit and debit cards for fast payments.
Saving Account
We make sure you get the best returns for saving your money with us.
First World Finance Bank provides the best saving account known to the modern banking world.