Banif Bank has given its car loan a fresh new look focusing on the concept of ‘It’s all about the journey!’

Boasting a range of features and very competitive rates, the car loan forms part of the bank’s Personal Loans Plus Protection line of products, offering financing solutions to customers, with the benefit of added protection.

The loan offers an interest rate of five per cent per annum for those seeking to buy a new or second-hand car. Customers can borrow up to 100 per cent of the value of the car, provided it doesn’t exceed €30,000, and benefit from lower monthly repayments by spreading the loan over a period of up to eight years. Extra repayments may be made to settle the loan earlier without incurring any costs.

Along with other products under the Personal Loans Plus Protection line, the car loan includes an insurance policy taken out by the bank in its name, which protects customers and their families in the case of unforeseen circumstances such as accidental death, temporary or permanent total disablement or redundancy.

“We believe that the protection feature is what really sets our loans apart from others on the market,” said Dirk Spiteri Lucas, Head of Business Strategy Unit at Banif Bank. “With it, you can sit back and enjoy the journey without having to worry about your lifestyle, or that of your loved ones, in the case of any unfortunate events. This key advantage, along with our competitive rates and various financing options, means that getting in the driving seat has never been easier.”

The loan is subject to the bank’s lending criteria. For more information, including the terms and conditions, visit www.banif.com.mt or call Customer Care on 2260 1000.

Banif Bank (Malta) plc is a credit institution licensed to undertake the business of banking by the MFSA in terms of the Banking Act 1994.

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