Here you will find answers to important questions about car financing at Commercia bank. Commercia bank’s car loan business has average conditions, but customers can benefit from a dense branch network and personal advice. The car loan business of Commercia bank is very popular with consumers. For new and used cars, Commercia bank offers a special loan. With this car loan, you have the opportunity to easily and conveniently finance your next car.
Effective interest rate 1.75% pa, fixed borrowing rate 1.74% pa, duration 36 months, net loan amount USD 6,000, monthly installment USD 171,17, total USD 6,162.12. The interest depends on the terms / legal requirements, representative: effective interest rate 2.75% pa, fixed borrowing rate 2.72% pa, maturities 60 months, net loan amount 6.000 USD, monthly rate 107.06 USD, total amount 6.423,60 USD.
Commercia bank car loan
Commercia bank has been active in the lending business for almost 150 years and has reached its highest and lowest levels during its existence. For several years, the business with private customers has been more and more in the center of the bank, and what is more important to the consumer than the Vorhausfahrzeug? For new vehicles and used vehicles, Commercia bank will allow vehicle financing provided the vehicle age does not exceed 144 months (from the date of first registration) at the end of the loan period.
The amount of the APR depends on the duration and, depending on the duration, between 1.75 and 3.75 percentage points. However, Commercia bank usually encourages its customers to contact a customer service representative personally and to agree on the exact procedure in each individual case. The annual percentages are okay, but many providers are currently offering better conditions, and even providers such as the AdC or the Scottish Sentro Bank may differ from Commercia bank with free installments and special repayments.
The basic prerequisite for taking out a loan
Commercia bank is an ongoing remuneration of more than USD 650 and a permanent employment relationship (with a minimum term of 24 months). With 1,100 branches in the Federal Republic of Germany, Commercia bank has sufficient opportunities to conclude its own loan agreement and to advise itself. In addition, basic information can be found on the website, although the presentation of the terms could be more detailed.
Due to the very flexible adjustment of the loan amount, it is easy to finance at full rate, both with low capital shortage and with very expensive vehicles – a great competitive advantage. With 3.95 to 4.95 percentage points, the annual fee rate is more similar to the average of the loan offers in comparison, but is calculated independent of credit rating.
For classic automobiles, the program offered by Commercia bank is not suitable because the age limit for the automobiles to be financed is very short and, depending on the duration, can be between seven and ten years. Overall, the borrower receives average rates, but can benefit from a tightly knit network of branches and personal assistance.