EKO Mobil Car Loans
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About the loan
Universal Capital Bank offers a unique opportunity for anyone who wants to invest in environmentally friendly vehicles through a specialised EKOMOBIL loan. This purpose-specific loan is designed to support the purchase of electric and hybrid vehicles, with favourable financing conditions and a simple approval process. By purchasing an electric or hybrid vehicle, you reduce your carbon footprint and contribute to a cleaner environment.
Invest in the future and drive a vehicle that’s better for both you and the planet. Take advantage of this opportunity and become part of the green revolution with the ECO MOBIL Loan.
Don’t wait! Secure your financial solution today – contact us or visit your nearest branch to submit your application.
Approval Conditions | ECO MOBIL (Purpose-Specific) |
|---|---|
Maximum Loan Amount | up to 25,000.00 EUR |
Nominal Interest Rate | 5.99% |
Repayment Period | up to 60 months |
Repayment Method | as per agreement |
One-Time Processing Fee | up to 10,000.00 EUR is 97.00 EUR over 10,000.00 EUR is 148.00 EUR |
Collateral Requirements
- Lien on the vehicle being purchased, and KASKO insurance policy issued by Grawe Insurance, pledged in favour of Universal Capital Bank for the entire repayment period (all-risk coverage with no deductible). The insurance premium is at the Client’s expense
- Wage garnishment authorisation for all participants in the loan
- Blank promissory note signed by all loan participants, with accompanying promissory note authorisation
- Borrower's statement prohibiting the sale of the vehicle, notarised by a public notary
- The Bank reserves the right to request additional collateral if necessary
Note
Required Documentation:
- Completed loan application form
- Employer’s confirmation of salary, deductions, and employment status (for all loan participants)
- Copy of ID card for all loan participants (original to be presented for verification)
- Pro forma invoice or final invoice issued by the vehicle seller
Representative Example:
Total Loan Amount | 25,000 EUR |
|---|---|
Number of Installments | 60 |
Monthly Instalment Amount | 481.26 EUR |
Loan Processing Fee | 148.00 EUR |
Fee for Providing Data from the CBCG Credit Registry | 3.00 EUR |
Cost of Two Promissory Notes | 4.00 EUR |
KASKO Insurance Premium (first year) | 885.63 EUR |
Collateral Registration Fee | 50.00 EUR |
Nominal Annual Interest Rate | 5.99% |
Effective Interest Rate | 7.93% |
Total Interest | 3,987.42 EUR |
Total Costs * | 5,078.05 EUR |
Total Amount the Client Needs to Pay | 30,078.05 EUR |
Note: The total loan-related costs include the full interest over the loan term (EUR 3,987.42), loan processing fee (EUR 148.00), cost of two promissory notes (EUR 4.00), the CBCG Credit Registry enquiry fee (EUR 3.00), KASKO insurance premium for the first year (EUR 885.63), and collateral registration fee (EUR 50.00).
This representative example is based on the loan calculation dated 26 December 2024.