| | INSTALLMENT PAYMENTS THROUGH BANK |
General conditions:
* Loans can be granted to all legal entities and individuals who want to purchase vehicles from Mercedes-Benz Vietnam by installments.
* Maximum lending amount: 70% of the vehicle value based on the sales contract.
* Within 10 days after submission of the application for loan and required loan documents to the bank, the Buyer will get a written reply (approval/rejection) from the Bank.
* Collateral is required: The newly bought vehicle or any other property (house, land). The object of security will be decided by the Bank on a case-by-case basis.
Terms of Payment:
* Period of installment: To be defined by the Bank based on the credibility of the Buyer- Maximum 36 months.
* Interest rate: Based on the interest schedule published by the Bank at the time the loan is approved.
* Loan payback: The loan will be paid back to the Bank by monthly installments. The date of the first installment payment will be 30 days from the date the loan is withdrawn. |
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