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Loan for used car purchase
Loan for used car purchase

Owning a car may be not easy or too luxury as many people may think. You may get one faster than expected with the support of OCB. The product Loan for used car purchase is a financial solution to make your dream come true.

  • It is possible to secure by the purchased car.
  • Repayment from salary or business result is acceptable.
  • Finance for the used car is up to 5 years.
  • Competitive interest rate.
  • Repayment period may be up to 4 years.
  • Monthly installment repayment of principals and interests which are calculated reasonably corresponding to income.
  • More convenient mode of repayment: automatically deducted from your account opened at OCB. 
  • Target customers: Individuals aged of 18 or older, within lending subjects of OCB.
  • Loan amount: up to 65% of the car value.
  • Collateral: purchased car.
  • Loan term: up to 48 months (04 years). 
  • Repayment method:
    • Monthly/Quarterly equally or increasingly installment of principals.
    • Monthly payment of interests based on declining-balance method.
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