Elite Auto loan
The product is offered to High-Net Individual customers with flexible repayment period up to 72 months for brand new vehicles and used vehicles. LTV 80% brand new vehicles and 70% for used vehicles of the purchase price or market value whichever is lower (pre-owned vehicles not more than 7 years from YOM) Payment for the Asset will be made direct to the Supplier account after loan approval. The product will be available in both TZS & USD
Requirements
- Completed and dully signed application form including confirmation of o/balance for take over from another bank
- One photo (passport size)
- Verification & Identification and employee ID (for salaried)
- Copy of birth certificate or proof of age (ID)
- Proof of address (Letter from ward executive officer)
- A copy of marriage certificate (for joint applicants)
- Evidence of 20% or 30% contribution (for brand new or used vehicles respectively), through bank statement or cash deposit slip
- Most recent three months’ pay slips
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