Motor Vehicle loan
We provide financing for any age vehicle as long as it can be comprehensively insured.
Features
- No Ordinary Share requirement
- Permanent share requirement of $20,000
- Compulsary Share savings 10%-20% (conditions apply)
- 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 |
|
4 Year old vechicle |
10.50% |
84 months |
$2,500,000.00 |
$41,800.00 |
|
New Car (2026-2027) |
9.25% |
120 Months |
$6,500,000.00 |
$91,630.00 |
*Conditions apply
