Competitive Auto Loan from Standard Chartered
Standard Chartered Bank's new Auto Loan with its attractive features such as competitive interest rate, faster processing and reliable service make it the ideal choice for auto finance
22 August, 2011, Manama - Choosing the right auto finance from the many available options is one of the dilemmas faced by customers and most often, they go for the car loan recommended by the car salesmen. Now Standard Chartered Bank has come forward to give back the 'freedom to choose' to the customers with its unique Auto Loan.
The highlights of the new Standard Chartered Auto Loan are its competitive interest rate, faster processing, simple documentation procedures and world-class professional service.
"Our market study has revealed that while customers have a clear idea about the brand of car they want to own, they are not sure about the car loan. So we are offering the most competitive auto finance choice which customers can choose confidently without anybody's recommendation. Standard Chartered is here for our customers to support them in their financial decisions" said Sai Narain CDK, Regional Head of Consumer Banking, Standard Chartered Bank, Northern Gulf, Levant and Oman.
In addition to the attractive interest rate Standard Chartered Auto loan promises a faster turnaround time. Loans will be processed within 2 hours, provided all the required documents are submitted with the application.
"We have also made our documentation process very simple. So customers will get the loan amount in their account as early as possible and they get behind the wheel of their dream car." continued Sai Narain.
One of the distinctive factors of Standard Chartered Auto Loan is the service standards it offers to the customers. Standard Chartered has over 150 years of proud history in serving the people around the world. Customers are assured of world-class services which they can expect only from a leading international bank like Standard Chartered Bank.
Standard Chartered Auto Loan offers up to 100% of the vehicle price as loan amount with loan tenure ranging from 12 months to 84 months. Repayments can be paid in equal monthly instalments. Loans are available to both salaried and self-employed persons with a minimum monthly income of BD 300. The minimum age limit for the loan applicant is 21 years and the maximum is 65 years. Salaried persons should have a minimum work experience of 1month in Bahrain and self-employed persons should have 1 year experience in their field.
Standard Chartered Auto Loan is also available to finance second hand cars that are up to 8 years old from the year of manufacturing. The Standard Chartered Auto loan is available at all of Standard Chartered's 7 branches. For further information on our Auto loan, please contact the nearest Standard Chartered Branch, log on to www.standardchartered.com/bh or call 17531532
For further information, please contact:
Nimmi Kamal
Head Corporate Affairs Bahrain, Standard Chartered Bank
Tel: +973 3977 0760
E-mail: Nimmi.Kamal@sc.com
Standard Chartered - leading the way in Asia, Africa and the Middle East
Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns around 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank's growth in recent years.
With 1,700 offices in 70 markets, Standard Chartered offers exciting and challenging international career opportunities for more than 80,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank's heritage and values are expressed in its brand promise, 'Here for good'.
For more information on Standard Chartered, please visit: www.standardchartered.com