car-loan

A vehicle Loan from the Hand-In-Hand Trust can help you realise your dream of acquiring a vehicle of your own.

Type of Vehicle                                                                     Amount of Financing Offered
New Vehicles                                                                          –    80% of purchase price up to G$15,000,000
Used/ Reconditioned (Under 7 Years)                              –    80% of purchase price up to G$10,000,000
Used/ Reconditioned (Over 7 Years; 2001)                      –    75% of purchase price up to G$5,000,000

Rate-of-Interest

Vehicle financing is not provided for vehicles that will be used to provide taxi services nor minibus services.

Comprehensive Vehicle insurance coverage is required by all successful applicants.
–    A vehicle valued at $2,000,000 attracts an annual premium of approximately $170,000.
–    A vehicle valued at $1,000,000 attracts an annual premium of approximately $85,000.

Summary of Eligibility Requirements:

  • Job Letter
  • Quotation/Agreement of Sale
  • Identification (Passport/National I.D. Card)
  • Proof of Address
  • Income/Salary Assignment
  • Assignment of Comprehensive Vehicle Insurance

Additionally, if you are self-employed we require:

  • Business Registration/Certificate of Incorporation
  • Audited Financial Statements for the last three (3) years
  • Two (2) References

 

 

 

 

 

Rates are subject to change without notice.