The Commercial Motor Vehicle loan offers members the opportunity to receive up to 90% financing on new motor vehicles and up to 80% financing on trucks, tractors and trailers
Commercial Motor Vehicle Loan (TTT)
About This Loan
The Commercial Motor Vehicle loan offers members up to 90% financing on new vehicles and 80% financing on trucks, tractors and trailers
What You Need To Know
Up To
Unlimited
in Available Funds
6 years
To Repay
Up To
3 - 5 Working Days
Avg. Approval Time
As Low As
12.5%
Interest Rate
Up To
Additional Information
Who is This Loan Primarily For?
Cornwall County business owners wishing to purchase a vehicle.
Cornwall County business owners wishing to purchase a truck or trailer for distribution purpose
Cornwall County farmers wishing to purchase a Tractor
Cornwall County 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?
No Minimum
What Are The Requirements To Apply For This Loan?
A valid driver’s license
Credit report from a credit bureau
Employment Letter
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
Valuation Report
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)
