TRANSPORTATION LOANS


tranportation_loan

Loans are for the following and subject to the terms and conditions in the table below:

  • Trucks and other heavy duty transport vehicles
  • Vehicles for use in the distributive trade
  • Vehicles for technical and professional persons for use in the pursuit of their trade or profession.

 
general-loan-application_form_but

financial-declaration-_form_but

app
 

Age of vehicle Equity Term Interest rate
New 10% of the cost plus comprehensive motor insurance. Owner driven – 15% of the cost plus comprehensive. Max. 7 years for buses and other light vehicles. 10 years for trucks and heavy duty vehicles. 8.5% – 9.5%
1 – 3 years old 20% plus comprehensive motor insurance Max. 5 years for buses and other light vehicles. 8 years for trucks and heavy duty vehicles. 10.5% – 11.5 %
3 – 5 years old 25% plus comprehensive motor insurance Max. 4 years for buses and other light vehicles. 5 years for trucks and heavy duty vehicles. 11.5% – 12%
Over 5 years 35% plus comprehensive motor insurance Max. 3 years for buses and other light vehicles. 4 years for trucks and heavy duty vehicles. 12.5%