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Finance solutions to own your dream car

Consumer credit offering employees of Rawbank-approved companies the opportunity to buy a used vehicle from our approved dealers.
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Rawbank Auto Credit

Rawbank is a leading commercial bank in the Democratic Republic of Congo, offering personalized services to help clients better manage their finances and achieve their goals. We are here to help you find the financing solution best suited to your needs.

 

Indeed, if you’re looking for a way to get a new car, Rawbank’s car loan is the perfect solution to meet these immediate needs. A car loan can be used to purchase a new vehicle. However, eligibility criteria for a car loan vary from one lender to another. To be eligible for a Rawbank car loan, you must be between the ages of 25 and 60, be an employee of a company approved by Rawbank, have a minimum salary of USD 800, and have an employment contract with at least one year of seniority.

Rawbank offers car loan amounts ranging from $8,000 to $50,000. Repayment terms can be up to 60 months. It’s important to note that interest rates and fees associated with car loans can be higher than with other types of loans. This is due to the higher risk incurred by the bank when granting a car loan, as there is less time to assess the borrower’s repayment capacity. At Rawbank, the monthly interest rate is negotiated based on the employer’s profile, with monthly payments not exceeding 40% of net monthly salary. This is a fixed-term advance (FTA).

It’s important to carefully evaluate the different car loan options available before making a choice. Criteria to consider include the interest rate, associated fees, repayment term, the amount granted, as well as the lender’s reputation and history. It’s also important to consider your own financial situation and needs before making your choice.

In short, a car loan can be an attractive option for purchasing a new vehicle. However, it’s important to fully understand the loan terms before committing to avoid financial pitfalls. It’s also important to carefully assess your repayment capacity before taking out a car loan. Although this type of loan is quick and easy to obtain, it can quickly become expensive if repayment is not made on time.

If you have any questions or concerns, do not hesitate to contact us. Rawbank is here to help you find the best solution for your urgent financial needs.

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