Adumapa Savings

This loan is specifically designed to make transportation easily accessible and affordable within our catchment area and also empowering taxi drivers to become car owners.

  • Vehicles Available

Hyundai Accent

Daewoo / Chevrolet Matiz

Kia Picanto / Morning

Chevrolet Carlos / Aveo

Hyundai Getz

Hyundai i10

Toyota Corolla

Mazda Demio

  • Conditions
  • The maximum duration of the loan is 30 months
  • Applicant to provide 20% cash lien of the total cost of the vehicle.
  • The vehicle shall be registered in the sole name of the Bank.
  • The vehicle shall be comprehensively insured with ACB as loss payee.
  • A vehicle tracking device shall be installed on the vehicle and managed by the Bank.
  • The vehicle shall be owned by the driver and cannot be used for on lending to other drivers.
  • The vehicle shall be repossessed by the Bank and sold to another client if the customer defaults in repayment beyond one month. 
  • The vehicle shall be branded by the Bank.
  • Daily/Weekly lodgment of cash (sales).
  • The vehicle shall be assigned to a specific garage within the catchment area of the Bank for routine maintenance and the cost shall be borne by the customer.
  • The Bank shall provide a top up loan for the replacement of the engine of the vehicle when the need be.
  • The Bank shall provide a top up loan for the renewal of the insurance policy when the need be.