Motor Vehicle Loans
New and existing Finance Trust Bank customers, individuals and organizations, who wish to access financing for motor vehicles valued at 3 million shillings and above.
Enabling Finance Trust Bank customers to acquire movable income-generating assets valued at affordable interest rates.
- The asset should clearly be identifiable, movable, durable and insurable e.g. Vehicles/Motorcycles – Commercial only
- Yellow metal-bulldozers, front and loaders, graders, etc.
- Saving or Current account with Finance Trust Bank
- Clearly identifiable source of additional regular income
- Proforma Invoice for the Motor Vehicle from prequalified suppliers
- The applicant must contribute at least 30% of the motor Vehicle value or provide additional collateral worth 30% of the Motor Vehicle value.
- Good loan history for the case of existing borrowers
- The asset must be purchased from Finance Trust Bank prequalified suppliers.
- The asset must be comprehensively insured renewable annually,