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    Cheaper rate on loans for second-hand vehicles up to three years old

    KBC reduces rate on loans for purchases of recent used cars

    Monday, May 29, 2017 — Clients of KBC, CBC and KBC Brussels who buy a second-hand car that's not yet three years old can now benefit from the lower rate that KBC already charges on loans* for buying new vehicles and second-hand vehicles up to two years old.

    What does this change for clients of KBC, CBC and KBC Brussels?

    Clients who take out a loan with KBC, CBC or KBC Brussels for the purchase of a new vehicle or a second-hand vehicle up to two years old currently pay a loan interest rate of 1.35%.** For purchases of second-hand cars that are older than three years, the credit rate is up till now 3.68%.***

    To make it easy for KBC clients to go into the market and find the second-hand vehicles that they want up to three years old, from 29 May KBC will charge the same beneficial rate as for purchases of new and second-hand vehicles up to three years old, i.e. 1.35%. !

     

    *Remember, borrowing money also costs money.
    Loan type: instalment loan Lender: KBC Bank NV, Havenlaan 2, 1080 Brussels, VAT BE 0462.920.226, RLP Brussels, FSMA 026256 A. Subject to your loan application being approved by KBC Bank NV and mutual agreement.

     

    Illustrative examples.

    ** Representative example:

    For an instalment loan of 10 500 euros to be repaid over 60 months at a fixed annual percentage rate of charge and fixed actuarial debit interest rate of 1.35%, you pay 60 monthly instalments of 181.07 euros (or 10.864.26 euros in total).

    Rate applies from 19 January 2017 for an instalment loan to finance a new car, motor home or motorcycle or second-hand car not more than two years old. The vehicle must be bought by a private individual.

    *** Representative example:

    For an instalment loan of 10 500 euros to be repaid over 60 months at a fixed annual percentage rate of charge and fixed actuarial debit interest rate of 3.68%, you pay 60 monthly instalments of 191.58 euros (or 11.494.50 euros in total).

    Rate applies from 3 May 2017 for an instalment loan to finance a second-hand private car over two years old purchased by a private individual.

    Contact us

    Viviane Huybrecht

    General Manager KBC Corporate Communication / Spokesperson