05 Feb 2012 10:11 PM
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Second hand Car Loan

Entry Conditions

  • Restricted for personal purposes only.
  • Applicant must be over 21 years
  • Minimum loan is $5,000
  • Contribution required from the customer is 20% of the cost.
  • Maximum loan available is 80% if secured by Bill of Sale and 100% if adequate security is available.

Repayments Interest Rate Fees and charges
Repaid on monthly basis over a maximum period of 5 years (60 months). Refer to Great Rates Refer to Lending & Credit Card Fees & Charges

Security
Main Security required include:

  • First registered bill of sale over the motor vehicle to be purchased.
  • Mortgage over real estate
  • Motor vehicle insurance cover with Banks interest noted thereon