This loan offers financing for new and used vehicles up to a maximum of $300,000.00. The loan is payable up to 7 consecutive years which is dependent on the age and value of the vehicle being purchased.


VEHICLE (NEW AND ROLL ON/ ROLL OFF)

Key Financials

  • Interest Rate: 7.5%
  • Down payment: 10% down OR 10% in Shares
  • Repayment Period: 84 months / 7 years

Requirements

    1. Salary Slip (Recent)
    2. Form of ID (Valid)
    3. Pro Forma Invoice
    4. Qualifying Shares (i.e.  Shares not held against existing loan)

PREVIOUSLY OWNED VEHICLE (UNDER 5 YEARS)

Key Financials

  • Interest Rate: 7.5%
  • Down payment: 20% down OR 20% in Shares
  • Repayment Period: 84 months / 7 years

Requirements

  1. Salary Slip (Recent)
  2. Form of ID (Valid)
  3. Invoice or Offer of Sale
  4. Insurance Estimate (full comprehensive for at least 3 years)