Loans available for vehicles needed for business activities.
Military Bank (MB) has introduced loans for the purchase of motor vehicles to customers who need them for business activities.
It will lend up to 100 per of the price for the purchase of motor cars, buses, trucks, specialized vehicles, and tractors, etc., with loan terms of up to seven years. Besides the usual types assets as collateral, customers can use other types such as valuable papers.
Customers who borrow to purchase automobiles serving their business activities can apply for preferential policies under the medium-term credit package for SMEs in 2015.