The loan, made through the International Development Association, the bank's concessionary lending arm, is for 35 years, including a 10-year grace period.
Chrysler Financial, once the exclusive lending arm of the automaker, remained owned by Cerberus until April 2011.
It also offers commercial real estate loans through its lending arm, American Life Financial.
The lending arms of the big domestic and foreign auto makers are in particularly good financial shape right now for a rate war.
The World Bank's private-sector lending arm, known as the International Finance Corporation, had proposed a $1.3 billion increase in capital several months ago.
When the bank, as sales adviser, sends sales books to prospective buyers, the packages often include information about contacting the bank's lending arm.
In 1958 he become a vice president of the foreign lending arm of the Chase Manhattan Bank.
The United States has insisted on the changes as its price for contributing $250 million of a $1 billion rise in the capital of the bank's private-sector lending arm.
K-Rep Bank - This is the lending arm of the Group.
The board of the bank's private-sector lending arm, which has the same 22 directors, also recommended on Friday that its capital be increased to $2.3 billion, from $1.3 billion.
