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| Types of Auto Loan Transactions
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| 1.
| Brand New
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| a.
| One stop loan shop
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| | Facility whereby the bank not only finances the purchase of a brand new vehicle but also assists the client source the vehicle of his/her choice
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| b.
| Reimbursement
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| | Financing of a brand new vehicle purchased in cash by client within 30 days.
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| 2.
| Second hand
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| Financing of acceptable second hand motor vehicles. Proceeds of loan are paid directly to seller / owner of the unit. Subject to car appraisal and car history.
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| 3.
| Multi-purpose loan
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| a.
| Cash loan where offered collateral is their existing unencumbered vehicle.
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| b.
| Refinancing of an existing account (with BFB) with a remaining term of 20% of the original term.
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| c.
| Subject to car appraisal and car history.
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