BENEFITS

Save Money

• Tiered interest rates ranging from 7% – 10% dependent on the age of the vehicle
• No loan processing fees
• No hidden charges

Flexible

• Terms of 5 – 10 years dependent on the age of the vehicle
• Low minimum deposits between 5% -7.5% which can be built up over the term of the loan

Peace of Mind

• Up to $150,000 in loan protection coverage at no cost

Convenience

• Facilitation of payment of vehicle insurance premiums
• Legal matters are promptly dealt with by our Legal Department

REQUIREMENTS

• A deposit of 5% -7.5% of the total loan amount
• Shares based on the loan amount
• Invoice from the auto dealer (for new vehicles)
• Letter of intent to sell from owner (for used vehicles)
• Proof of ownership from Inland Revenue
• Mechanical report (for used vehicles)
• Vehicle insurance invoice
• Employed members: 2 most recent pay-slips or salary statements from your employer
• Self-employed members: most recent financial statements of the business
• Details of security being offered if the vehicle value is not sufficient to cover the loan amount requested
• Valid photo identification (eg. Social Security card or passport or driver’s license)
• Details of your liabilities and commitments (other loans, hire purchase, household expenses)
• If the approved loan is $77,000 and upwards or you are 50 years and older, a medical examination by an approved medical doctor is necessary for loan protection coverage