Termly payment option for Schools is available, -Insurance -Comprehensive- Through our approved underwriters, with Bank’s interest noted on the policy & -Vehicles must be fitted with Tracking Device from an approved service provider.

Registration –The vehicle will be jointly registered/Transferred (Customer name and the Bank) & -Facility Fee 1% - 2% of Amount Financed (based on Type of Asset & existing Relationship).

Interest Rate: Currently 14% p.a – Reducing balance. Note : Rates are reviewed from time to time depending on market trends.

Identification Documents (whichever is applicable) e.g. I D Card Copy, P.I.N. Copy, Certificate of Registration, Incorporation certificate, Memorandum & Articles of Association. & -Proforma Invoice for all New Assets. For machinery/Non vehicle – attach catalogues and product specifications

Earth-movers, Medical Equipment. (Additional Collateral is required e.g. Logbook of a Vehicle, Landed Property, Fixed Deposit).

Financial information : Bank Statements, Audited accounts, Cash flow projections etc (whichever is applicable) & -Other documents that may be required for Credit Analysis & evaluation depending on the nature of Request.

Deposit (Customer contribution), From 10% of the total cost of the vehicles – New vehicles, and 20% for 2nd hand vehicles, 30% for tractors. NOTE: For 2nd hand vehicles – (Calculated on either the valuation or the total cost – whichever is lower). Subject to credit appraisal.