Now government employees have access to easy loans on attractive terms to buy their own four/two wheeler. This is an opportunity for them to make the life of their loved ones more comfortable.

Eligibility

Regular Government employee who completed one year of probation.

60% of the cost of vehicle if the invoice value is less than Nu.800,000 and 50% of the cost of vehicle if the invoice value is more than Nu.800,000.

9.80% (Floating)

Tenure

• 5 years

• Second hand vehicle – 3 years

• Vehicle Loan Application duly filled by the applicant

• Copy of CID of both the applicant and guarantor

• One recent Passport size photograph of the applicant

• Copy of the Quotation/Invoice for new vehicles from authorized vehicle dealers

• An irrevocable letter of authority from the applicant to his employer for deduction of monthly loan installment from salary

• An irrevocable letter of authority from the employer to deduct the monthly loan installment from salary of applicant and remit to bank

• Latest Pay Slip of the applicant(s) dully filled, signed and sealed by salary disbursing officer & recommendations