Motor Vehicle/Cycle Loans

MOTOR VEHICLE / MOTOR CYCLE LOAN

We offer loans to customers to facilitate the purchase of business or personal assets such as motor vehicles and motor cycles.

  • Purpose: Purchase of motor vehicle / motorcycle.

  • Loan Amount: Not more than 50% of the purchase price of the motor-vehicle and not more than 60% of the purchase price for motorcycle.

  • Loan period : Not exceeding 36 months.

  • Grace period: None.

  • Interest rate: 2.5% per month.

  • Frequency of payments: Weekly / monthly.