Thank you for your interest in our loans, the requirements include: 1. Employment Verification Letter (https://www.belizebank.com/wp-content/uploads/2023/04/Official-Employment-Verification-Letter.pdf)or Proof of Income if you are self-employed. If you do not currently have any accounts with us, please also bring along the following documents: 2. Valid ID (Social Security or Passport) 3. Proof of occupancy in the form of either a utility bill in your name (within the past 3 months) or a valid driver’s license with your current address Other required documents include: 4. Pictures of the vehicle 5. A copy of the existing title for the vehicle 6. A mechanic evaluation report 7. A sales agreement between you and the seller.

Customers applying for a vehicle loan will be required to present the following documents: 1. Pictures of the vehicle 2. A copy of the existing title for the vehicle 3. A mechanic evaluation report 4.. A sales agreement between you and the seller. Non-Customers will be required to also fulfill the onboarding requirements. Please also bring along a valid social security card and recent utility bill (in your name).

We provide competitive loan interest rates ranging from 11% to 14%. The interest is applied using the reducing balance method where interest is charged on outstanding principal amount.

We offer a maxiumum of 100% financing for vehicles.

The maximum repayment term is 84 months.

The loan application fee is 1% of the loan amount or a minimum of $300.

We offer individualized repayment plans to meet your financial situation. Payments can be made weekly, bi-weekly or monthly. These payments are automatically withdrawn from your Belize Bank salary/deposit account.

The typical turnaround time ranges from 1 to 7 business days or as soon as 24 [business] hours.

Yes, we do consider loan requests for vehicles being bought outside of Belize. Such requests are approved based on your abililty to repay and financial character. After the assessment is carried out, the lender will outline the details.

We do not have any restrictions on the vehicle age; however, the vehicle must be functioning.

The bill of sale is a hybrid legal document that serves as both proof of a contract and confirmation of the transfer of ownership of the property, most commonly vehicles.

Yes, a Registered Bill of Sale will be required for the vehicle loan.

Typically, financing for the purpose of purchasing a vehicle is done as a seperate loan. However, refinancing of an exisiting loan is still possible depending on the value of the security and the amount of financing required. Be sure to contact one of our friendly personal banking officers for more information.

While it’s not necessary to obtain insurance for your loan, having a debt cancellation scheme ensures that your debt gets paid in the event of your death. Your family will not need to worry about repaying it.