TRANSPORTATION
LOANS

Interest rates as low as 8.5%

WE PROVIDE LOANS WITH AFFORDABLE PAYMENT TERMS

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.

NEW

VEHICLE


8.5-9.5% 

INTEREST RATE

  • EQUITY
  • 20% of the cost plus comprehensive motor insurance. Owner driven – 15% of the cost plus comprehensive.
  • TERM
  • Max. 7 years for buses and other light vehicles. 10 years for trucks and heavy duty vehicles.

1-3 YEARS OLD

VEHICLE


9.5-10.5%

INTEREST RATE

  • EQUITY
  • 25% plus comprehensive motor insurance.
  • TERM
  • Max. 5 years for buses and other light vehicles. 8 years for trucks and heavy duty vehicles.

3-5 YEARS OLD

VEHICLE


10.5-11.5%

INTEREST RATE

  • EQUITY
  • 30% plus comprehensive motor insurance.
  • TERM
  • Max. 4 years for buses and other light vehicles. 5 years for trucks and heavy duty vehicles.

OVER 5 YEARS

VEHICLE


11.99%



INTEREST RATE

  • EQUITY
  • 35% plus comprehensive motor insurance.
  • TERM
  • Max. 3 years for buses and other light vehicles. 4 years for trucks and heavy duty vehicles.