What is a car loan replacement?
This credit facility is for those who know that they took out their old car loan on expensive, bad terms – or simply wonder if there is now a better car loan for the same amount they borrowed.
What is car loan replacement is
Otherwise it probably is. This is exactly what the essence of a car loan replacement is: you repay your old loan and then repay a new one. The new loan is no longer a car purchase loan, but it is essentially the same. All that happened was that you were much better off. How do you find out that there is better credit on the market than the current one? That’s why we started our company. Our employees are constantly looking at loans, looking for newer constructions and obviously better constructions due to competition. If you find a noteworthy loan somewhere, we will update the site to keep you up to date with the latest loan redemption loan terms and what the most competitive banks are offering.
How do I get a loan repayment loan?
The loan does not require any special procedure. He submits the right papers and we arrange the new loan. Whatever your credit, each one is redeemable. No matter what kind of car you put on, how many years you pay, how old the car is, how much is left: you simply pay off your old loan in one installment, so the details of your old loan are irrelevant.
A car loan replacement loan can also be accepted by KHR-listed (formerly BAR-listed) clients once their status is passive and once listed.
The conditions? The loan can be borrowed in USD, Forint. The maximum maturity is eight years (seven years for individuals), the maximum amount is unlimited, meaning you can withdraw more money than your current loan. In this case, you will repay your old loan and then have the remaining amount at your disposal.
We use this calculator to calculate your monthly installment, and if better than your current loan, don’t hesitate to redeem your old loan! Our staff will make a personalized quote for you.