NCB Commercial Motor Vehicle Loan

Opportunity ID: 
NCB-2014-37
Institution Type: 
Private Sector
Institution: 
National Commercial Bank
Type of Financing: 
Loan
Minimum Amount: 
Up to 90% financing on new and old vehicles
Tenure: 

up to 6.5 years

Qualification Criteria: 

The applicant should provide the following: Business registration documentsmm estimates/invoices evidencing loan purpose, last 12 months, bank statements ( if accounts are at other banks), last 3 years audited Financial Statements ( if available), Draft/In-house accounts for current year ( if audited accounts are not available), detailed cash flow projection, Valid tax Compliance Certificate, Letter of Good Standing from the Companies Office of Jamaica ( only applicable for companies), Valualtion Report for assett being pledged as collateral, Surveyor Report for residential or commercial properties being pledged as collateral, Copies of Certificates of Title for assets, detailed aged listing of receivables and payables (if available), copy of motor vehicle registration certificate, copy of motor vehicle fitness, copy of motor vehicle comprehensive insurance policy , valuation report, vehicle pro-forma invoice

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