- Loan amount is based on the customer’s ability to pay.
- Loan Period is up to 60 months (5 years) for second hand vehicles and up to 120 months (10 years) for brand new vehicles.
- Financing Margin – up to 100% financing.
What you require to sign up
- Three original latest payslips
- 2 Copies of the ID & PIN certificate
- An Introduction/Appointment/Confirmation letter from the employer
- Duly signed authorization forms
- Duly completed loan application and appraisal form
- Pro forma Invoice / Sale Agreement
- Valuation Report
- Original Log Book
Why you should sign up for this product
- Equity must have an existing MOU with the customer’s employer.
- Salary is not a prerequisite for some employers.
- Must have the ability to pay.
- Ability to effect loan deductions on check-off.
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