The loan is to support transportation assets like cars, tricycles and motorcycles. It is open to individual and groups.
Features
- Equity contribution of 30%
- To be purchased in the name of NMFB from reputable dealers with warranty
- Comprehensive insurance cover with NMFB noted as first lost payee
- Maximum tenor of 12 months
Benefits
- No collateral
- Expert financial advice available
- Flexible repayment structure
- Low interest rate
Requirements
- Duly completed application form
- ProForma Invoice of the vehicle from a reputable auto dealer
- 2 guarantors
- Duly executed Global Standing Instruction
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Current utility bill
- 2 recent passport-size photographs
