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Auto Equity Loan

Tap into the value of your business vehicles when you need quick financing for business expansion or working capital within the main line of business. Features Loan amount to be determined by serviceability and car value. Repayment capacity is assessed on existing businesses revenue streams. Tenor period of up to 36 months depending on the

Tap into the value of your business vehicles when you need quick financing for business expansion or working capital within the main line of business.

Features

  • Loan amount to be determined by serviceability and car value.
  • Repayment capacity is assessed on existing businesses revenue streams.
  • Tenor period of up to 36 months depending on the purpose of funds and the age of the vehicle.
  • Vehicle valuation must be carried out by a valuer in NCBA Bank’s panel.
  • Vehicle must be fitted with a tracking device fitted by a company listed in NCBA Bank’s panel.
  • Vehicles must have up-to-date and comprehensive insurance.