Automobile Credit

This is a short / medium-term loan for the acquisition of a new car, for personal or business purposes.

Sum

- For personal use:



Up to 80% within 5 years
Up to 70% term (negotiable)
Up to 65% term (negotiable)

- For exploration:


Up to 80% within 4 years
Up to 70% • term (negotiable)







Up to 65% term (negotiable)



Term:



Maximum 5 years for personal use and 3 years for exploration


Reimbursement:



In constant monthly or quarterly installments.


Interest rate:



Current table practiced by BCA, available on the counters and on the website


Warranty:



Mortgage of the vehicle and insurance for all risks in favor of BCA.


Opening and management committee:



1.5%


Target segment:



Individuals


Necessary documents



• Formalize the request by letter (documents provided at the Branches to formalize the request);
• Pro forma invoice or vehicle evaluation if it is a second-hand asset;
• Photocopy of identification document of the intervener (s);
• Income statements);
• Statement NIF;
• Domiciliary salary in BCA.


Contract



• Updated certificate of the vehicle in the registry office
• Photocopy of title of the vehicle
• Photocopy of car booklet;
• Photocopy of the BI of the intervener


Conditions of access:



• Have repayment capacity (effort rate);
• Prove income;
• To subscribe titling document;
• Prior application of self-financing;
• Other information
• Channeling of income for BCA (exploration vehicle);
• Payment of insurance against all risks in favor of BCA;


Other information



• Channeling of income for BCA (exploration vehicle);
• Payment of insurance against all risks in favor of BCA;

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