The country of first entry point shall collect the customs duties on consignments of goods and deposit them in the customs union accounts for the purposes of setoff for the benefit of the country of final destination within the GCC states upon presenting a proof of arrival of such consignments in that country.
Installment debt involves paying a certain amount each month over a predetermine period of time. An automobile loan is an installment debt. An interest rate is applied and paid out over say three to five years in most cases. Installment debt payments rarely change as most are fixed rate loans. However, the installment payment can be ignored if there are less than 10 months remaining, boosting borrowing power.
Rates are subject to change. Some additional restrictions may apply. Installment loans are offered through U.S. Bank National Association. Rates as low as 2.49% Annual Percentage Rate (APR) are available for 3-year auto loans $10,000 and higher at 100% loan-to-value (LTV) or less.