Vehicle Finance
Taxi    |     Yellow Goods  |     Other Vehicles  

Taxis

The bank will finance existing clients who are currently operating in the public transport business and who own more than one vehicle with satisfactory conducted banking accounts and acceptable financial position. It is important to have a good credit history/account conduct, as this is used to determine serviceability of loan. The loan is payable in 36 – 48 months.

Qualifying Criteria
  • Application Letter
  • Passport
  • Quotation of asset
  • Quotation of Insurance (for vehicles, taxis, etc.)
  • Deposit of minimum 30%
  • Life Cover equal to the amount of the loan must be ceded to the bank
  • Latest Financial Statements
NB: It is the client’s responsibility to see to it that Insurance and relevant permits are renewed annually and proof thereof is submitted to the Bank.
Foreign Exchange Rates: February 7, 2012 Loti/$  7.44 Loti/£  11.76 Loti/€  9.75
 Nedbank Lesotho Limited Reg. No 92/191. Nedbank Lesotho is a member of the Old Mutual Group.