Auto Loans

Auto Loans | Vehicle Financing

If you're looking for a new or pre-owned vehicle, contact FSNB before you buy. FSNB loan officers can assist you in obtaining a loan for the purchase of your new vehicle or in refinancing your current vehicle loan. We can take care of your automobile needs wherever you are located in the world. In just a few easy steps, you could be on the road in the car of your dreams!

Low Interest Rates:

Taking out a Car Loan isn’t really an expensive affair. The interest rates are generally low and you can choose your repayment tenure, which can last up to seven years. This makes it easy to make monthly repayments towards the loan, which will, in turn, make it light on your pocket. In fact, you can even negotiate the rate of interest, especially if your Credit Score is good and you’re a loyal customer of the bank you’re applying for the loan with.

You Don’t Require Collateral:

The cool thing about getting a Car Loan is that you don’t have to provide any collateral to get the loan. The bank will consider the car you buy as security. This means that if you can’t pay back your loan, the bank can possess the car and sell it to get back the loan amount. So, you don’t have to worry about putting up any of your assets as security.

No More Haggling Or Waiting:

No more having to argue with auto drivers who try and haggle you out of your hard-earned money nor will you have to wait endlessly for the uber you booked to come pick you up. In fact, you’ll save money in the long run by getting a car of your own, especially if you depend on cabs or autos to commute every day.

In short, you won’t be at the mercy of someone else to get you from place to place. It’s all about being your own boss, at least as far as transportation is concerned.

Road Trips:

We’re pretty sure you’ve thought about heading out on road trips with your friends or family multiple times but you just haven’t had the means to do it. Well, you can certainly put YES to that with a Car Loan.

Think about it! You head out for a weekend getaway with your posse in town as you motor down the highway with the wind in your hair. Sounds fantastic right? You bet it is. Your dreams of becoming the king of the road will finally come to fruition.

Your Credit Score Will Improve:

And last but certainly not the least, by taking out a Car Loan and making monthly repayments consistently on time every time, you’ll see your Credit Score shoot up before you know it. This can be especially beneficial if you have a low to moderate Credit Score and are looking to ramp it up.

Not just that, by making consistent monthly repayments, you will build your creditworthiness as well, which will make it easier to more qualified loans in the future. After all, banks and lenders don’t just give out loans to just anybody. They need to be sure that you are good with credit and you intend to pay back the money you borrowed. And what better way to show them that you’re a worthy borrower than by building a positive credit history?

All loans are subject to credit approval Boats, motorcycles, recreational vehicles, campers and travel trailers can also be financed. Contact FSNB loan officers for details and competitive rates information.