VEHICLE FINANCING

Loans for business owners who want to expand their Business .Give the ownership of vehicle to the bank as collateral. (Above 2007 model, and running condition)

Fees & Charges

Interest Rate14.00%
Documentation Fees1.00%
Penalty Fee14.00%

Required Documents

If the applicant is personal

  • NRC, household member list, passport photo
  • Business license (Copy)
  • Tax on profit paid to government for business
  • Financial statement (profit and loss, balance sheet)
  • Color photos of business (working condition, material, building) (in front, back and both sides left & right and interior)
  • Proof of residency (Original/Copy)
  • Documentation of the ownership of vehicle
  • Color photos of vehicle (in front, back and both sides left & right and interior)
  • Need to open a Current Account

If the applicant is company

  • Company Registration Certificate and Extract
  • Export / Import license or declaration
  • BOD Resolution
  • Business license (Copy)
  • Tax on profit paid to government for business
  • Financial statement (profit and loss, balance sheet)
  • Color photos of business (working condition, material, building) (in front, back and both sides left & right and interior)
  • Documentation of the ownership of vehicle
  • Color photos of vehicle (in front, back and both sides left & right and interior)