Which vehicle types do banks finance under retail banking programs? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Which vehicle types do banks finance under retail banking programs?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

Banks finance private passenger cars (new and used), scooters, and motorcycles. Tricycles, commercial transport vehicles, and microbuses usually fall under microfinance programs or specific initiatives such as the car replacement initiative, and not under an ordinary personal loan.

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