Vehicle Loans

Vehicle Loans are credit facilities provided by the co-operative to members who have fixed income for the purpose of purchasing motorised vehicles such as motorbikes and cars. The term of a Vehicle Loan ranges from 3 months to 48 months, Down Payment (DP) is 0% or no DP.
Interest is charged at the rate of 12% per year.

Borrowing conditions

Using a motorcycle / car BPKB guarantee

Using a guarantee of land certificate