Are you ready to drive your dream car without the hassle of exhausting your savings? Fidelity Bank’s Personal Auto Loan facility is here to make that dream a reality. Designed specifically for salaried employees under their Employer Managed Relationship, this medium-term loan is the perfect solution to get you behind the wheel of a brand-new or slightly used vehicle with ease.
Benefits
1. No Collateral Required: No need to stress over providing security; our process is hassle-free.
Flexible Repayment Periods: Enjoy repayment plans tailored to your needs, stretching up to 60 months for selected professionals.
2. Quick and Easy Application Process:
Get your loan approved swiftly without unnecessary delays.
3. Competitive Interest Rates: Enjoy some of the best rates on the market, saving you money in the long run.
Higher Loan Limits: Borrow up to GHS 350,000 to comfortably finance your vehicle.
4. Covers New and Used Cars: Finance both brand-new cars and slightly used vehicles that meet our criteria.
5. Loan Transfers: Already have an auto loan elsewhere? Transfer it to Fidelity Bank at concessionary terms (Terms & Conditions apply).
Features
1. Debt Service Ratio Up to 50%: We consider up to half of your net monthly salary to determine your loan eligibility.
2. Repayment Periods from 12–48 Months: Selected professionals can even extend to 60 months.
3. Eligibility for New and Used Vehicles: Finance used cars not more than 5 years old from the date of manufacture and within 36 months of use.
4. Minimum Salary Requirement: A net monthly salary of GHS 4,000 or above (including allowances).
How to Get Started
1. Download an application form here
2. Fill your application and submit to any Fidelity branch near you: Enjoy a seamless application process that prioritizes your convenience.
3. Drive Off in Your Dream Car: With our competitive rates and flexible terms, you’ll be hitting the road in no time.
Call 3355 or visit any Fidelity Bank branch near you.
