Why did the bank finance less than the price of the car? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Why did the bank finance less than the price of the car?

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

This could be due to the loan percentage, the rating, or your creditworthiness.

Key points

  • Ask for the reason and the approved loan amount.

  • You will need to cover the difference from your own funds.

The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.

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