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.

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

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.