Loan Contract - A Secured Loan for Personal Use of a Motorvehicle
 Security
In most cases a Motorvehicle will be used.
General
The Loan Contract is a Financial facility used for Motorvehicle purchases in personal use category.
Payments are made over a fixed term up to five (5) years.
Loans include all registrations, delivery costs and can include comprehensive insurance, loan insurance, gap insurance and car warranty.
Deposit
In most cases deposits are not required.
Deposit Benefit
If you make a deposit, or a deposit is found necessary as part of your loan, your repayments will be lower.
Your equity in your Motorvehicle Investment will increase.
Interest will be less to pay.
Payment
Payments can be made by direct debit from your bank.
Build Equity
Yes you can build better equity in your Motorvehicle investment during the loan period by paying more frequently or in larger amounts.
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