Vehicle financing

“Your vehicle within reach.”

Owning a moped, scooter, or car is no longer a luxury. Plus, you want one that fits your income, personality, and lifestyle. With the vehicle financing of the NTFM (a 100% subsidiary of the Hakrinbank), you will soon become the proud owner of your own vehicle. Your request will be processed quickly and efficiently by our employees. Through our extensive contact network of car sellers, we offer you a wide choice, and your ideal vehicle will soon be in front of your door. Important things you want to know are listed below. The conditions apply to the financing of a moped, scooter, or second-hand car.

Maximum loan amount

With vehicle financing, a minimum deposit of 25% of the purchase price applies. The value of the vehicle and your redemption capacity play an important role here.

Maximum maturity

The maximum loan maturity is 36 months, but of course, you have the freedom to choose a shorter maturity that suits your needs.

Conditions:

The conditions that apply when applying for vehicle financing are included below:

  • A down payment of at least 25% of the purchase price;
  • You provide a wage assignment or voluntary assignment, and FEO of the vehicle to be financed serving as collateral (the vehicle is transferred in the name of the NTFM, with you as the user).
  • The monthly redemption amount should not exceed approximately 35% of the net income.
  • You must be in possession of a driver’s license valid in Suriname.
  • A security deposit may be requested if required.
  • It is recommended to insure the vehicle via the Hakrinbank for at least one year WA + Casco (all risk).
  • The vehicle may have a maximum age of 8 (eight) years.

Documents to be submitted

You must submit the following documents with the application:

  • the quote from the car seller of the vehicle to be purchased;
  • a copy of the applicant’s valid driver’s license;
  • a recent employer’s statement (including the home address, date of employment, and position).
  • a recent pay slip;
  • a recent statement if your salary account is held with another bank.

If you have your own company, please submit the following documents:

  • the quote from the car seller of the vehicle to be purchased;
  • a copy of the driver’s valid driver’s license;
  • a copy of the business license;
  • a recent extract from the Chamber of Commerce;
  • recent financial information of the company (financial statements);
  • the last bank statement, if your payment accounts are held with another bank.

The approval procedure and other administrative work takes a maximum of 48 hours.

For more information, you can always contact the NTFM, or one of the Hakrinbank branches. Our expert staff will be happy to welcome you for a personal meeting. If you would like an indication of your maximum loan sum, maturity, and redemption in advance, please go to our loan calculator.

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