FUNDS

N/A

INTEREST RATE

N/A

INDUSTRIES

All

The Commercial Motor Vehicle Loan offered by Gateway offers up to 95% on New Motor Vehicles that would serve to help businesses expand their commercial fleet of vehicles and in turn grow business as well. Gateway offers financing for motor vehicles for up to 10 years old

Motor Vehicle Loan

Jamaica

Qualifications

Must be a member of the Gateway Co-operative Credit Union

Documents Required

A valid driver's license
Credit report from a credit bureau
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

Application Process

N/A

Other Information

There is no early prepayment penalty

The collateral is the motor vehicle

The application fee required for the loan is 1.5% of the loan amount

REQUIRES COLLATERAL

Yes

ANNUAL REVENUE

N/A

Eligibility