Motor Vehicle loan
We provide financing for any age vehicle as long as it can be comprehensively insured.
Features
- No Ordinary Share requirement
- Minimum 10% monthy Share savings
- Up to 120 months to repay (Dependent of age of vehicle)
- Membership tenure: Immediate
- Employment tenure: permanently employed for at least 6 months or 1 year renewable contract.
Example of Loan Repayment
|
Year Of Motor Vehicle |
Interest Rate |
Repayment Period |
Cost Of Motor Vehcile |
Repayment Amount |
|
2018 |
12% |
78 months |
$2,100,000.00 |
$42,900.00 |
|
2023-2024 |
9.75% |
120 Months |
$6,500,000.00 |
$93,610.00 |
*Conditions apply
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