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

Up To

Unlimited

in Available Funds

6 years

To Repay

Up To

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)

Our Team Stands Ready

If you're interested in any of our loans, we'll pair you with our expert customer service representatives, who will work with you to understand how to bring you to the solution they need.

STILL NOT SURE?

Deciding whether Gateway is the right partner for your loan? We know that this is a long-term decision, and we want to ensure that you are fully informed going into this commitment with us.

Learn more about this opportunity by chatting with our agent, or by visiting our Frequently Asked Questions.