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, in insurance arm of ECFH.

 

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.