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.