What is a proforma invoice and why does the bank ask for it? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What is a proforma invoice and why does the bank ask for it?

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

It is an official document you obtain from the approved car dealership, showing the car's make, model and final price. The customer submits it to the bank so that the loan amount and the down payment can be determined on its basis.

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