| MAXIMUM LOAN AMOUNT |
$1.5M |
| LOAN TO VALUE |
100% |
| INTEREST RATE |
25.0% |
| REPAYMENT TERM |
Up to 60 Months |
| PAYMENT MODE |
From business Cash Flow |
| SECURITY |
The Taxi |
| Maintenance Savings |
10% |
| SHARE DEPOSIT |
$200K |
| PROCESSING FEE |
$10K |
| ELIGIBILITY |
OWNER DRIVER ONLY! |
| TURNAROUND TIME |
Within 2 days of submission of all required documents |
| |
Loan to cover; |
| 100% comprehensive Insurance |
| |
| DOCUMENTATION REQUIRED |
1. FHCCU Membership |
| 2. Credit Reference |
| 3. Taxi Association Letter / Transport Authority Letter |
| |
4. PPV Insurance quotation |
| Special Condition(s) |
Borrower must have good Credit/Savings history |
