• Wed. Oct 27th, 2021

Loan to Value Ratio

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  • Finance companies are permitted to lend up to 80% of the value in used motor vehicle purchases

Finance companies are permitted to lend up to 80% of the value in used motor vehicle purchases

The Central Bank (CB) decided to increase the loan to value ratio (LTV) of licensed finance companies up to 80 percent on auto loans in purchasing used passenger vehicles in…