Current Loan Offer

Get on the spot approval on car loans at RBC Royal Bank!

Offer:

Get on the spot approvals on car loans at any of our conveniently located branches.
Enjoy competitive interest rates on all car loans.
Enjoy up to $1,000 off service charges.
Campaign Duration: January 23rd to March 31st 2012.

Requirements:

Employment status - Permanent; Temporary/Contract (Preferably employees from state-owned companies and civil servants); Self-employed; Professionals.
Employment tenure - Not less than two (2) years.
Age critieria - Minimum age - 18 years (Clients between 18-21 yrs should provide a guarantor); Maximum age - 64 years; 65 yrs and over - case-by-case basis.
Resident criteria - Client must be a resident of Trinidad & Tobago; Client must be from a participating country within CARICOM of the CSME agreement (Certificate of Registration); For individuals outside these, a work permit from The Ministry of National Security is required.
Standard documentation - Two (2) types of national identification; current job letter and last payslip; recent utility bill; documents to support purpose of loan.

New Car Loans:

Downpayment	Interest Rate	* Maximum Term
30% or more	7.50%	6 years
20% - 29%	7.75%	6 years
10% - 19%	8.00%	6 years

*Maximum 5 years Sedans and 6 years for High end/SUV vehicles

Local/Foreign used Roll on Roll off Car loans:

Age of vehicle	Minimum Downpayment	Interest Rate	* Maximum Term
1-4 years	15% - 20%	10.75%	5 years
5 years	20% - 30%	11.75%	4 years
6 years	30% - 40%	12.25%	3 years

* Maximum age of vehicle together with term of the loan not to exceed (9) years
*Subject to normal lending criteria; *The cost of borrowing will be made available upon application

For further information, call 625-7271 or visit any RBC Royal Bank branch.