This is a facility to finance working capital. The client should meet the below conditions of snactions:
- Collateral based loans with a 60% margin value.
- All motor vehicles must be comprehensively insured.
- Ability to pay must be demontrated by the cash flows of the borrower.
- Valuation must be done and the motor vehicle fitted with thetracking device.
- The age of the motor vehicle should not be more than 15 years of age.
- Attractive interest rates.
- The repayment period should not exceed six(6) months.