Affordable Vehicle Loans for your new ride!

At C.O.B, we’re all about making life easier. Whether you’re buying new or used, our Vehicle Loans offer competitive rates and flexible terms, so you can hit the road in comfort and style.

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Our vehicle loans are tailored to fit any budget

Fast Turn Around

Get a loan secured by your savings on the same day and regular loans shouldn’t exceed a week.

Competitive Rates

Borrow at great interest rates to help overcome a short-term financial hurdle.

Peace of Mind

Rest easy knowing that C.O.B has your back even when life feels upside down.

Vehicle Loans Benefits

Here’s what you’ll get when you apply for any loan to purchase your ride!

Competitive interest rates
Easy payment terms
Quick approval
No deposit on New Vehicles
A gift from us! (while stocks last)

Additional requirements are applied for used vehicle loans, see the terms to find out more and apply.

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What are the terms?

Get started by getting the below:
Two (2) recent pay slips
Proof of current mailing address (No older than three months)
Pro forma Invoice from vendor which must include engine/chassis numbers, make, model and cost
Quotation for comprehensive insurance from a recognised dealer
Valuation from a recognised dealer/garage
Get these additional documents and apply!
For New and Used Vehicle Loans:
A letter from the vendor which confirms sale of the vehicle. This letter should also include engine/chassis number, make and model of the vehicle and the agreed selling price
A Roadworthy Certificate from a recognised garage
A Valuation Report from a vehicle distributor or recognised garage
Used vehicles should not be older than six (6) years old. A percentage deposit of the total cost of the vehicle must also be on the account at the time of the application.
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FAQs about Vehicle Loans

Interest Rates and Terms by Credit Score and Vehicle Age

Credit Score:ABCDENo ScoreDepositMaximum Term
NEW TO 3
YRS		5.00%5.00%5.50%6.00%6.25%5.75%$500.008 YRS
4 YRS6.00%6.00%6.50%7.00%7.25%6.75%Equivalent
of
3 months
instalment		7 YRS
5 YRS8.00%8.00%8.50%9.00%9.25%8.75%Equivalent of 3 months instalment6 YRS
6 YRS TO 7 YRS9.00%9.00%9.50%10.00%10.25%9.75%10%5 YRS
8 YRS TO 10 YRS10.00%10.00%10.50%11.00%11.25%10.75%15%4 YRS
OVER 10 YRS10.00%10.00%10.50%11.00%11.25%10.75%20%4 YRS
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