
Motor Vehicle Loans
Whether you desire financing for a new or pre-owned vehicle, we offer Motor Vehicle Loans at attractive interest rates and flexible repayment terms.
Motor Vehicle Loans
As a Member, you are eligible to:
- Financing of up to 100% of the value of the vehicle
- Interest rates at 11.5% per annum on a reducing balance basis
- Up to 7 years to repay a NEW VEHICLE
- Up to 5 years to repay a SECOND HAND VEHICLE
Conditions
Please note that eligibility is also subject to:
- 25% cash collateral frozen from borrower’s shares and/or savings accounts
- Proof of monthly salary or income
- Comprehensive Insurance CoverOne or two guarantors
- Pledge of assets or mortgage of property
For more information on the terms & conditions of this product, please contact us or pay us a visit at any one of our branches.