VEHICLE ASSET FINANCING

Created by Mutale Mirriam, Modified on Thu, 2 Jul at 11:18 AM by Mutale Mirriam

Dear Valued Customer,

We appreciate your inquiry today.

Vehicle Finance is a tailored solution aimed at assisting individuals and businesses in acquiring new or pre-owned vehicles. Our financing options enable customers to purchase their desired vehicles by extending the payment period to their preference, with terms of up to 60 months for new vehicles and 48 months for pre-owned vehicles. To initiate the application process for the Vehicle Asset Financing Loan, please review the requirements listed below for both Individual and Business applications:

Individual application

Individual customers submitting loan applications will be required to provide supporting documents as listed below:

• Quotation or proforma invoice from the Vehicle Finance listed vendors.

• Valid ID (NRC/Passport)

• Passport size photo

• Valid driver’s license

• Proof traceable income sources i.e latest 3 month’s Payslips (stamped), rental income, GRZ Bond coupons etc.

• Evidence of minimum of 6 month’s Salary domiciliation with the Bank.

• Original Letter of undertaking from Employer on company letter head

• 3-6 months bank statements (stamped, if from another Bank)

• Copy of employment contract (not applicable if on permanent).

• Details of one referee

• Clean CRB Report & No records of unpaid DDACs for the past 3 months

• Letter of set off.

Company application

Business customers submitting loan applications will be required to provide supporting documents as listed below:

• Evidence of business Income i.e bank statements
• Three (3) years audited financial statements
• 12 months projected cashflows
• Vehicle Finance Loan request on headed paper.
• Board resolution to request for a Vehicle Financing from the Bank on the companies headed paper.
• Valid ID of the Directors (NRC/Passport/Driver’s license)
• Company profile
• Clean Credit Reference Bureau report
• Valuation report by the banks approved valuers.
• Letter of set off.

For further clarification, kindly call 202 or visit your nearest Branch.

Regards,

Customer Experience Team