Competitive interest rates computed on a reducing balance
Determined by the age of the vehicle being acquired but not lower than 20.0%
A maximum period of five (5) years based on age of vehicle
- A mortgage on property; or
- A Bill of Sale over the vehicle being acquired;
- Assignment of adequate insurance coverage
- Cash and Traders’ security
- Valid National Identification Card or Passport
- Proof of address – Recent utility bill (6 months) or post marked letter
- Employment letter stating current position, date of employment and salary and other cash benefits
- If self employed, statement of income or expenses or affidavit of income
- Quotation from Auto Dealer or Agreement of Sale, Valuation and copy of registration
- Evidence of equity contribution
- Statement from other financial institutions, including Hire Purchase Agreements (If applicable) of loan accounts showing balances and monthly installments payable.