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Vehicle Financing - MOB Bank

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)