INSTALLMENT PAYMENTS THROUGH BANK
General conditions:
- Loans can be granted to all legal entities and individuals who want to purchase vehicles from Mercedes-Benz Vietnam by installments.
- Maximum lending amount: 70% of the vehicle value based on the sales contract.
- Within 10 days after submission of the application for loan and required loan documents to the bank, the Buyer will get a written reply (approval or rejection) from the Bank.
- Collateral is required: The newly bought vehicle or any other property (house, land). The object of security will be decided by the Bank on a case-by-case basis. 

Terms of Payment:
- Period of installment: 1-4 years
- Interest rate: Based on the interest schedule published by the Bank at the time the loan is approved. Current applied interest rate: 1.05%-1.18%/month (calculated on the basis of remaining principal balance)
- Loan payback: The loan will be paid back to the Bank by monthly installments. The date of the first installment payment will be 30 days from the date the loan is withdrawn.