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What is the collateral taken against a car loan?
There will be a lien on the car in favor of Capital Finance Company s.a.l.
Is there a penalty for prepayment of a loan?
No, there is no prepayment penalty. You can pay your loan in full at any time and all non accrued interest charges will be refunded to you.
Is there a file fee?
Car loans do not carry a file fee.
Will I need a personal guarantor to apply for a loan?
No, applying for a loan at CFC does not require a guarantor.
Is there a way to have my monthly payments paid directly from my bank account?
Yes, simply complete the Direct Debit payment instruction and fax it back to 01-371102. You should have a current account at any local bank.
When will my first monthly payment be due?
Your first payment will be due after one month from signing your promissory notes unless otherwise specified by yourself on the application.
Can I apply for another loan at CFC before I pay off my first loan?
Yes, you may apply for another CFC loan. Simply call our Customer Care Representatives at 01-371102.
What is the maximum loan amount I can get?
Our maximum loan amount is $150,000. However, greater amounts are reviewed on a case by case.
Do you give car loans to companies?
Yes, CFC finances companies' car fleets.
I had a car accident, what shall I do?
You should call immediately a certified motor expert, and then visit the insurance company to file your accident. A list of certified motor experts is available in your insurance policy booklet.
Can I buy my car from any dealer?
Yes, you can buy your car from any dealer you want or even from an individual, and CFC will finance it for you.
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