Vehicle Loans

Bank of Saint Lucia recognizes that a vehicle is no longer a luxury. Our loans officers can assist with most aspects of financing, including arrangements for vehicle insurance coverage with EC Global Insurance Agency.

 

Requirements for New Vehicles

 

• Picture I.D. (2 forms for first time customers)
• Down payment/equity - amount varies generally between 10 - 30%
• Letter from Employer stating length of service
• Salary Slip (latest)
• Valuation from an approved garage
• Comprehensive insurance coverage
• Sale agreement or invoice

 

Requirements for Used Vehicles

• Picture I.D. (2 forms for first time customers)
• Down payment/equity - amount varies generally between 10 - 30%
• Letter from Employer stating length of service
• Salary Slip (latest)
• Valuation from an approved garage
• Comprehensive insurance coverage
• Sale agreement or invoice
• Proof of ownership
*The valuation must be done by a certified appraiser as per the list approved by the Insurance Council of Saint Lucia. Your Personal Banking Officer will provide you with a list of approved garages.