Republic Bank provides auto loan products to finance new and used vehicles. With flexible terms and competitive lending structures, you can secure up to 100% financing depending on vehicle age and qualifying criteria. Loans are available for new cars, used cars, and Roll-On/Roll-Off vehicles.

• Up to 100% financing for new cars*
• Used vehicle financing based on age and value
• Flexible repayment terms (12-84 months)
• Refinancing options available

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Scotiabank offers personalized auto financing solutions for new and pre-owned vehicles. Their advisors will help you determine terms that best meet your budget and needs.

• Up to 100% financing available†
• Repayment terms up to 96 months†
• Auto Loan professionals available to assist your application

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RBC Royal Bank (Trinidad & Tobago) offers vehicle loans tailored to purchase new and used cars, with competitive terms and options for financing based on your credit profile and repayment ability.

• Up to 100% financing of the purchase price for qualifying borrowers.
• Flexible repayment terms, including extended terms for new (up to ~8-10 years) and used vehicles.
• Competitive interest rates depending on credit and loan amount.
• A team of Auto Finance Specialists available to help guide you through your financing options

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The Drive Easy Car Solution from the JMMB Group allows you to finance a vehicle with flexible terms and benefits including insurance support and savings planning.

• Up to 80-90% financing for new and used cars*
• Loan terms up to 7 years
• Optional insurance and savings support

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First Citizens Bank Limited offers vehicle loan products designed to help customers finance new and used cars with competitive options and flexible repayment terms. They provide loan calculators and support tools to help you estimate payments and plan your loan structure before applying.

• Up to 100% financing available for new and used vehicles (subject to qualifying criteria).
• Cash-back incentives on certain new and used car purchases.
• Special packages (e.g., hybrid, electric vehicle financing options).
• “One Loan” option to include first year's insurance and upfront vehicle costs in the same financing.
• Flexible repayment terms (typical loan terms can extend up to about 7 years subject to bank policy).

⚠️ Note: First Citizens may set specific lending criteria (employment status, income verification, and documentation) for approval, consistent with standard banking

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ANSA Bank offers auto financing solutions for individuals and businesses, including loans for new and pre-owned vehicles through its vehicle financing programs and partner network. They support 100% financing options with flexible terms tailored to individual needs.

• New & Pre-Owned Vehicle Loans — financing available for any vehicle from dealers across the island.
• Flexible Terms — tailored repayment schedules with options to include related costs like insurance.
• No Deposit or Balloon Payments on certain packages.
• Express Approvals and dedicated loan officers to guide you.
• 100% Financing Available — on eligible vehicles based on credit criteria.
• Insurance & Maintenance Options — bundled solutions may be available on select packages (e.g., inOne Vehicle Loan).
• Business & Fleet Financing — for companies needing multiple vehicles or fleet upgrades.

💡 Requirements: Common documentation includes valid ID, proof of income, and proof of address (specific requirements vary).

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CIBC Caribbean Bank (Trinidad & Tobago) (formerly FirstCaribbean International Bank) offers vehicle loan products with competitive terms and long repayment periods suitable for both new and used vehicles..

• Up to 100% Financing available subject to credit approval.
• Flexible Repayment Terms up to approximately 8 years for borrowers in Trinidad & Tobago.
• Quick Application Feedback through online systems like LoanStore to help you begin your financing journey

💡 Prepare valid ID, proof of address, employment documentation, and vehicle pro-forma invoice for the best approval experience.

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The Caribbean Finance Company Limited is one of the island's leading non-bank lenders specializing in vehicle financing for private and commercial use. They provide flexible loan solutions tailored to vehicle purchasers.

• Vehicle financing available for both new and used cars.
• Quick approval times once all documentation is submitted.
• Flexible repayment terms to suit customer budgets.
• Insurance premium financing assistance available as part of the loan package.

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Eastern Credit Union offers auto loan financing for new and used vehicles, including roll-on/roll-off units. They provide varying interest rates depending on vehicle age, with share requirements (a portion of the loan must be held in your credit union share account as security).

New Vehicles

• Interest: ~6% per annum
• Required share contribution: 10% of loan amount
• Standard documentation (ID, income proof, utility/bank statement, vehicle invoice, insurance quotation) required.

Used/Roll-On/Roll-Off (1-5 years)

• Interest: ~12% per annum
• Share requirement: 25% of loan amount
• Similar documentation needed.

💡 Good to Know: Eastern also offers a vehicle insurance loan option to help cover annual insurance premiums tied to your auto loan.

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SECU Credit Union offers competitive auto loans to members for new, roll-on/roll-off, and used vehicles with structured terms and options to include insurance and legal fees in the loan.

• New Vehicle Loans: Up to TT$400,000 with up to 8-year repayment term and ~0.7% interest (reducing balance) with 0% down payment options.
• RO-RO / Used Vehicle Loans: Up to TT$180,000 (6-year term max), ~0.9% interest, with structured down-payment conditions.
• Flexible Down Payment Options:
• Option A: Deposit down payment into shares (low installments).
• Option B: Include total cost in the loan for dividends on shares later.
• Insurance and other fees can be financed as part of the loan.

💡 Important requirements: Pro-forma invoice, payslips, job letter, identification, full insurance, and valuation for used vehicles.

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TECU offers vehicle financing with competitive interest rates and flexible terms. Loan amounts are secured by the vehicle and support a range of vehicle types.

• Interest Rates: New vehicles ~0.49%-0.6%; used vehicles ~0.75% (on reducing balance).
• Repayment Terms:
• New vehicles: up to 8 years
• Foreign-Used/Used vehicles: up to 5 years
• No Loan Ceiling: Members may request as much as needed (subject to approval).
• Shareholding Requirement: A percentage of the loan must remain in your shares (varies by vehicle type).

💡 Loan Protection: TECU includes a loan protection plan that covers part of the loan upon death, offering peace of mind for members.

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U.W.I. Credit Union offers vehicle financing options for both new vehicles and foreign-used (RORO) vehicles in Trinidad and Tobago.

New Vehicle Financing

• Interest Rate: 0.83%
• Financing up to 100%
• Repayment Period: Up to 9 years

Required Documents:

• Recent job letter and salary slip
• Valid form of identification
• Pro forma invoice from the vehicle dealer
• Fully comprehensive insurance quotation

RORO (Foreign-Used Vehicle) Financing

• Interest Rate: 0.83%
• Down Payment: 10%
• Repayment Period: Up to 9 years

Required Documents:

• Recent job letter and salary slip
• Valid form of identification
• Pro forma invoice for the vehicle
• Fully comprehensive insurance quotation

💡 The vehicle will be held as collateral against the loan. Fully comprehensive insurance coverage is expected for the minimum nine-year period, and an insurance quotation must be submitted with the loan application. Accepted insurance providers listed by UWI Credit Union include Tatil, Colfire, Sagicor, Guardian and Maritime Insurance..

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Police Credit Union provides financing for new and used vehicles with terms suitable for a variety of member needs. Members can include the cost of comprehensive insurance in the loan.

• Maximum Loan: TT$500,000 (subject to eligibility).
• Repayment Term: Up to 96 months (8 years).
• Interest Rate: Around 5% per annum.
• Down Payment:
• 5% (for members with more than 6 months membership)
• 10% (for members with less than 6 months membership)
• Insurance Inclusion: Option to include full comprehensive coverage cost in the plan.

💡 Membership Note: To access loan facilities above certain thresholds, a minimum period of active membership and standing with the credit union is typically required.

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As a member of VENTURE Credit Union, you can access flexible vehicle loan financing for new, roll-on/roll-off, and used vehicles with competitive terms and up to 100% financing available depending on vehicle age and type.

• New Vehicle Loans: Up to 100% financing with repayment terms up to 7 years.
• Roll-On/Roll-Off Vehicle Loans: Up to 100% financing (vehicles ≤ 3 years old) with terms up to 7 years.
• Used Vehicle Loans: Financing based on age — up to 100% for newer vehicles, with reducing percentages for older ones and corresponding terms.
• Loan Perks: Fixed interest rates, low processing fees, and no penalties for early or lump sum repayments.

💡 Requirements: Standard documentation usually includes the vehicle pro-forma invoice, comprehensive insurance quote, valid IDs, utility bill, recent job letter, and payslips.

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Works Credit Union offers auto vehicle loans to qualified members with competitive rates and provisions for share dividends on shares deposited.

• New Showroom Vehicles: ~10% to shares required.
• Foreign Used / Roll On Roll Off: ~15% to shares (vehicles must be under 6 years old).
• Documentation Required:
• Recent payslip, job letter, utility bill
• Valid ID and recent photo
• Vehicle pro-forma invoice and insurance quotation
• Vehicle appraisal / valuation report (for used vehicles)

⚠️ Note: Vehicles older than 6 years may not be eligible under current policy.

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RHAND Credit Union offers vehicle financing as part of its “Go places with MAX auto” loan suite — allowing members to access up to 100% financing with competitive rates and flexible repayment options.

• New Vehicle Loans: Repayment terms up to 84 months (7 years) at fixed interest rates (e.g., ~9.0% APR).
• Used Vehicle Loans: Terms up to 72 months for used cars (with age and criteria limits).
• Interest & Requirements: Competitive fixed interest, share savings requirements (e.g., 5%-10% of purchase), and debt-to-service criteria to qualify.
• Flexible Terms: Loans are customized to fit lifestyle and budget, with fixed rates and no penalty for early repayment

💡 Standard applications include vehicle invoice, insurance quotation, and other personal financial documents.

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PSCU Credit Union provides vehicle loans for new and used cars with 100% financing options and inclusive insurance coverage — ideal for members looking for long-term car financing.

• New Vehicle Mortgage Loans: Up to 100% financing inclusive of insurance with repayment terms up to 84 months (7 years).
• Local & Foreign Used Vehicles: Up to 100% financing (usually up to ~60 months, sometimes longer for newer models).
• Requirements:
• Recent job letter and payslip (usually within 3 months).
• Mortgage Bill of Sale and Instrument of Charge on the vehicle.
• Comprehensive insurance coverage for the term of the loan.
• Fees: Processing, legal, and vehicle valuation fees normally apply (member's responsibility).

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Agricola Credit Union provides vehicle loans specifically designed to help its members finance the purchase of new and pre-owned vehicles.

• Interest Rate: ~0.533% per month on reducing balance (approx. 7% p.a.) for vehicle loans.
• New Vehicles: Repayment term up to 84 months (7 years); typically requires 10% deposit into shares.
• Pre-Owned Vehicles: Repayment term up to 60 months (5 years); typically requires 20% deposit into shares.
• Insurance: Vehicle must be insured with Agricola's interest noted on the policy.

💡 Requirements: Members need a pro-forma invoice and must assign the vehicle to the credit union as part of the loan security.

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Transcorp Credit Union offers vehicle loans for new vehicles, locally-used vehicles (under 5 years), and roll-on/roll-off vehicles (under 3 years), as well as commercial vehicles and motorbikes for members.

• Vehicle Types Financed:
• New vehicles
• Used local vehicles (under 5 years)
• Roll-on/roll-off vehicles (under 3 years)
• Commercial vehicles (new and used)
• Share Requirements: New vehicles typically require ~10% in unencumbered shares; used and RORO require higher share percentages based on age.
• Interest Rates: Monthly reducing balance rates vary by vehicle type — e.g., ~1%-1.5% per month on reducing balance depending on age/type.
• Insurance: All financed vehicles must carry full comprehensive insurance assigned to the credit union.

💡 Member Requirements: Members must maintain required share contributions and meet Transcorp’s lending criteria including documentation and insurance.

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Tranquillity Credit Union Co-operative Society offers a range of competitive loans to its members, including vehicle loans (alongside general, business, and special purpose loans).

• Vehicle Loans: Available to qualified members (specific terms like interest rate and repayment length are provided upon enquiry or application).
• Competitive rates and flexible payment options are typically offered to help members purchase new or used vehicles.
• Other member benefits include savings dividends, insurance options, and digital banking access.

💡 Requirements: Must be a member in good standing and must provide standard supporting documentation (vehicle pro-forma invoice, comprehensive insurance, payslips/job letter, ID, proof of address).

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