Designed for drivers (business or private individual) who want to own their own vehicles and also vehicle owners who simply want to replace engines or do complete repairs/overhauling of their existing vehicle.
Requirements
- Completed application form to be filled by the beneficiary
- Proof of identity
- Proof of salary
- Pro-forma invoice from vendor
- Car ownership documents (i.e. Customs declaration form, purchase Tax receipt and CEPS duty receipt)
- VELD form C signed in blank by the customer together with passport size picture
- STC valuation report (in case of used vehicles)
- Loan repayment duration is 36 months
- Comprehensive insurance with Nzema Manle Rural Bank noted as the lost payee