Commercial Motor Vehicle Loan (TTT)
What You Need To Know
95% of Motor Vehicles
in Available Funds
3 - 5 Working Days
Avg. Approval Time
As Low As
Who is This Loan Primarily For?
Cornwall Business owners wishing to purchase a vehicle
Cornwall Business owners wishing to purchase a truck or trailer for distribution purpose
Cornwall residents wishing to purchase a new personal vehicle or truck
Cornwall farmers wishing to purchase a Tractor
Cornwall distributors/exporters/importers wishing to purchase a truck or trailer for transportation of goods
Do I Need Collateral To Apply For This Loan?
No, the vehicle will be used as the collateral.
Minimum Amount Disbursed For This Loan?
What Are The Requirements To Apply For This Loan?
A valid driver’s license
Credit report from a credit bureau
3 recent payslips, where using a guarantor, their payslips and employment letter must be presented
Passport sized pictures
Sales Agreement or Pro Forma Invoice from Car Dealer/Vendor
Copy of Motor Vehicle Title/ Import Entry Document
Copy of Fitness and Registration Certificates
Insurance Quotation (Comprehensive Only)
Road Permit (for vehicles that will be used for commercial purpose)