This is a facility to finance working capital. The client should meet the below conditions: 

  • Collateral based loans with a 50% margin value.
  • All motor vehicles must be comprehensively insured.
  • Ability to pay must demonstrate by the cash flow of the borrower.
  • Valuation must be done and the motor vehicle fitted with the tracking 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.