Caps on rates for used car refinancing range from 18 percent to 28.75 percent and for mobile home financing from 15 percent to 25 percent based on
amounts financed.
With
amounts financed up to USD50,000, the program provides rates at 2.99 percent with terms up to 72 months and no lender fees.
Of this, the Bank contributes 350 million Euros in loans [and grants], the European Commission 105 million Euros in grants (close to 70 billion FCFA), with the remaining
amounts financed by other partners, the West African Economic and Monetary Union (WAEMU), the concerned West African countries and other donors.
In these cases it makes sense for the student to finance some or all of the remaining costs, assuming the student's expected future earnings will be high enough to repay the
amounts financed without undue financial hardship.
Interest paid to the seller on
amounts financed by the seller is taxed in the year the payments are received.
IN 36% per year on 36% per year on
amounts financed amounts financed up to $1050.
This high cost reduces the numbers of properties that can be preserved, and dissipates the impact of public programs, as most costs are paid with public funds, and relatively small
amounts financed with private capital.