Purpose: To purchase vehicles for Public transport operators (Taxi Drivers, Bus Operators) and Operators of other commercial vehicles ( Goods Truck, Refrigerated Trucks).
Borrow up to $2,500,000.00.
Financing available for Vehicles up to 8 years old.
Up to 5 years to repay.
Minimum Share Requirement of 15%.
Weekly and Monthly payments allowed.
You must have at least one (1) year experience in conducting the commercial activity.
Documentation Required:
Income Verification Documents Required:
If Employed: Last three months payslips and Job Letter.
Or
If the income from the commercial activity will be the source of repayment:
- Profit and Loss statement for the last twelve months and one (1) year cash flow projections to be prepared by a qualified accountant.
- Evidence of having at least one (1) year experience in operating the commercial activity.
Motor Vehicle Documents Required:
- Valuation Report
- Motor Vehicle Title
- Certificate of Fitness
- Registration Certificate or C87 (If just Imported)
- Comprehensive Insurance Quotation
- Proforma invoice
Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.