Car loans
Car loan: personalised car financing
The personal car loan is a financial solution offered by Laroche Finance for the purchase of a new or second-hand car. Presented in the form of a personal loan, it allows you to make a purchase without any deposit.
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Personal credit to finance a car
A personal car loan can be used to finance the purchase of a new car, in the form of a personal loan. It is a non-restricted loan, with the usual supporting documents required when applying for a loan. There are three stages to applying for a loan from Laroche Finance:
- Carry out a financial simulation. Based on the amount to be borrowed, determine the monthly repayments on your personal car loan to check your repayment capacity.
- Get an immediate response in principle using the online application procedure.
- Complete your personal file with all the supporting documents requested: identity, address, income, etc.
What is a car loan for?
PNG Finance car loans are used to finance the purchase of a new or used vehicle. At the time of sale, the credit organisation provides you with the funds to pay the seller. You must then repay the lender over a pre-defined period.
A PNG Finance car loan can be used not only to buy a car, but also a motorbike, light commercial vehicle, camper van, etc. It can also be used to finance all ancillary costs, such as payment for official documents like the vehicle registration document, accessories, insurance, etc.
What are the conditions for accepting a car loan?
In order to take out a car loan, you need to meet certain criteria.
This depends on your repayment capacity and, in particular, your available income. Is it high enough to be able to pay each monthly instalment of the loan under the right conditions? Your level of indebtedness therefore varies according to your resources, and if your resources are not sufficient, your car loan may be refused.
It also depends on your personal situation, and in particular the recurring costs you have to pay each month. Your loan should not prevent you from being able to meet these costs with peace of mind.
What documents do I need to apply for a car loan?
When you apply for a car loan, you will be asked to provide certain documents. These will enable PNG Finance to assess your profile and determine whether you meet the conditions for acceptance of the car loan.
The first are personal documents (identity card, proof of address, etc). It also involves financial documents such as your latest pay slips, tax returns, etc). The aim here is to assess your financial situation and, more specifically, your repayment capacity.
Note that it is not compulsory to send all these documents in paper format. PNG Finance offers you the option of taking out your loan completely online. You can then send us a scanned version of your supporting documents when you apply. PNG Finance online credit is simpler, faster, totally secure and, what’s more, it’s good for the environment.
What are the repayment terms for a car loan?
The repayment terms of a car loan can vary according to what was agreed at the outset, but also according to the ups and downs of life.
The repayment terms are linked first and foremost to the repayment period, which can vary depending on the type of vehicle (new or used) but also simply on what you choose.
You also need to take into account the repayment period, which is the time between signing the car loan agreement and the first repayment.
Finally, it’s important to be aware of the conditions governing early repayment and any breaks in repayment. It is possible, subject to certain conditions, to repay part of the loan early.
Which car should I buy with a car loan?
The PNG Finance car loan allows you to borrow between PNG 5,000 and PNG 375,000, mainly to finance the purchase of a new or used vehicle.
With this sum, you are free to buy a small city car for less, a fully-equipped saloon, an MPV for large families or an SUV if you prefer larger vehicles.