This product is available to account holders to assist them acquire moveable assets mainly motor vehicles like private cars, pick ups, buses and lorries. Others assets include: tractors, heavy earth moving equipments, machinery, motor cycles etT

TERMS AND CONDITIONS

Finance amount:
80 % maximum of the purchase price on new units
70 % maximum on 2nd hand units

Repayment period:
1 year to 4 years maximum
Second Hand units: Up to 10 years old


Insurance Cover:
Comprehensive for the period the asset is under finance

For Matatus, other PSV vehicles, Tractors and Prime Movers the above terms have been varied. Please get in touch with any of our branches for the amended terms.

REQUIREMENTS

a) A pre-printed application form (available in all branches)
b) 6 months bank statements
c) Copy of ID
d) Copy of PIN
e) Proforma Invoice from the dealer/ seller
f) Copies of logbooks for other motor vehicles than one owns.

Additional requirements for Second hand motor vehicles
a) Recent AA/ Regent Automobile valuers and assessors valuation
b) Copy of logbook
c) Sale Agreement

Additional Documents for Churches and other organizations.
a) Certificate of registration of the church
b) Minutes appointing church officials
c) Minutes discussing the borrowing
d) Copy of PIN Certificate
e) Officials ID copies.

Additional Documents for sole businesses.
a) Business registration certificate
b) Owners ID Copy and PIN

Benefits

1. You acquire an asset and then pay for it in affordable installments as you continue using it
2. The process is simple, fast and friendly
3. The pricing is affordable