Carbucks, as the name suggests, is a programme that assists individuals or companies with funding to purchase or repair motor vehicles to be used for business purposes.

You can use your existing Motor Vehicle Title to secure a loan for any purpose: personal or business.

For example:

  1.  Motor Vehicle Repairs
  2.  Insurance Purposes

In the case of a motor vehicle that is being used as public transport in a motor vehicle business,a loan can be taken to pay all your fees at the Transport Authority, etc.

Up to four million dollars $4,000,000.00 is available.

Requirements:

  • Motor vehicle should be ready for an inspection
  • Title should be clear from all lien (Clear vehicle title in the name of applicant or guarantor)
  • Proof of vehicle registration & fitness
  • Proof of insurance
  • Recent motor vehicle valuation report
  • TRN & Valid Jamaican Identification (Driver’s License, Passport, National ID)
  • Last two (2) months utility bills (electricity, water or telephone, etc.)
  • Proof of income
  • Two (2) passport size photographs
  • Three (3) personal references

 

Conditions apply*