Loan repayment refers to the principal and interest amounts that the customer must pay for the loan.
Customers may borrow up to 70% of the vehicle value based on MSB’s appraisal.
Customers must reside in the same province/city where the MSB branch/transaction office receives the loan application, or in a neighboring province/city within 30 km of the branch/transaction office.
The vehicle usage period is calculated from the date of the first vehicle registration to the date of loan application, rounded to full years.
Interest is paid monthly based on the outstanding balance. Principal repayment may be equal or flexible, depending on the customer’s income source.
Approval time: up to 8 working hours.
Residing in the same province/city where the MSB branch/transaction office processes the loan application, or in a neighboring province/city within a maximum distance of 30 km from the MSB branch/transaction office receiving the application.
Aged from 20 to 65 years, and not exceeding 70 years old at loan maturity.
Customers may use valuable papers, savings books, deposit balances, real estate, or transport vehicles as collateral for the loan.
Yes. Customers may repay part or all of the loan principal before maturity depending on their financial situation. The early repayment fee is calculated based on the prepaid principal amount; however, most MSB interest rate packages waive early repayment fees from the fifth year onward.