Interest-Free Loan
Lucchese Bank is now offering Interest-Free Loan. We aim to provide our clients with an instant loan against their asset with minimal paperwork and free of any
Interest. Currently we will be providing interest-free loans against one/multiple Pre-Owned Vehicles for a period of time depending on the contract. This is a good option for those who are in need of urgent cash for any reason but don't want to sell their vehicle for it, this way you are able to get an interest-free loan without actually selling your car.
We will be providing a loan of up to 75% of the market value of the vehicle you will be taking the loan against.
For eg. You own a Huntley and its Pre-Owned market value is 100.000$ Then you can get a instant loan of 75.000$ against it.
Once the loan period is over and after you have paid the loan back in full, i.e 75.000$, you car will be transferred back to you.
Terms and Condition: - You will be transferring the vehicle ownership to us during the loan period.
- In case of failure to pay back by the due date as mentioned in the contract, you can extend the loan contract for a week at a fee of 10% of the total loan amount.
- You cannot extend for more than a week.
- In case of failure of full payment on due date, the vehicle will no longer be yours, but the Property of the Bank. If any partial payments are made, they will be transferred back to you.
- Maximum Loan Duration is 4 weeks.
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Amount Needed: Write here
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Vehicle you want to take loan against: Write here
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