Products and services

Personal · Credit

Car Loan

Nominal rate (TAN): 7.50% | APR (TAEG): 8.49%

The APR is calculated on a 7.5% nominal rate (TAN) basis, for a Car Loan of CVE 2,000,000.00

Term: 96 months; Default interest: 2%;
  • Nominal rate 7.5%
  • APR8.49%
  • Maximum term96 months (8 years)
  • Rate typeFixed rate
Request information See price list

Financial conditions

Fixed rate
7.5%Nominal rate
APR
8.49%
Maximum term
96 months (8 years)
Default interest
2%

Representative example: APR of 8.49%, based on a nominal rate of 7.5%, for a loan of CVE 2,000,000.00 over 96 months (8 years).

Indicative conditions. The conditions of your loan depend on the assessment of your application. Check the Price List and the Standardised Information Sheet in force.

Benefits

  • Fixed interest rate of 7.5%
  • Financing of up to 90% of the vehicle value
  • Repayment term of up to 8 years (96 months)
  • Optional credit protection insurance

Terms and requirements

  • Up-to-date identification documents
  • Pro forma invoice or promissory purchase and sale agreement
  • Vehicle mortgage and insurance up to 110% of the credit value
  • Retention of title and promissory note (where applicable)
  • Guarantor (if applicable)

Fees and pricing

Nominal rate 7.50% · APRC 8.49% (example for 2,000,000 CVE). Late-payment interest: 2%. See the price list and the Standardised Information Sheet in force.

Documents

Documents and standardised information

Applicable price list Link · Download PDF

How to proceed

From information to decision, with support.

  1. 01Understand the conditions

    Read the product information and check the price list in force.

  2. 02Prepare the documents

    Gather your identification details and the applicable supporting documents.

  3. 03Talk to BAICV

    Ask for information or visit a branch to complete the process.

Frequently asked questions

Before you proceed

Use the request information button or visit a BAICV branch.

The final conditions depend on the solution, the customer profile and, where applicable, the commercial or credit assessment.

Check the price list in force and the specific product documentation before making a decision or signing the contract.

Simulate in seconds

What would your monthly payment be?

Adjust the amount, the term and the rate and see the monthly payment right away. The rate starts at this product's rate and can be changed to try other scenarios. No sign-up, no commitment.

All simulators
2 500 000 CVE
60 months
7.5 %
Product fixed rate: 7.5% nominal. You can change it to try another scenario.
My monthly payment — Sum of instalments (principal and interest): — Not in this sum: fees, stamp duty, insurance and other charges. The full cost is the APR in the standard information sheet.
Assumptions of this simulation
  • Constant instalment (principal and interest), paid every month
  • The chosen rate stays the same for the whole term
  • No grace period or deferral
  • Amounts rounded to the escudo.

Product conditions updated on 31/08/2026

Request a personal offer

Simulation using the rate shown above, which you can change. The sum of instalments covers principal and interest and does NOT include fees, insurance, taxes or other charges. It is not an offer: the conditions of your loan depend on the assessment of your application and on the current Price List, which prevails over any simulation.