ComFin Loans | First Union Financial

About Our ComFin Loans

This loan product starts at $300,001 and goes up to $4,500,000 and is given to legitimate owners and operators of registered business in Jamaica who has or had a Commercial Carriage License.

The facility will assist applicants with enhancing or repairing the vehicle or documentations to acquire a motor vehicle as an upgrade or to add to his/fleet.

It must be clearly shown that the motor vehicle to be purchased is vital to the survival of the business.

Where the applicant is requesting funds to purchase unit, same must be able to get comprehensive coverage through the insurance company.

The percentage to be approved by First Union Financial depends on the valuation report presented and the year of the motor vehicle. The maximum repayment time is 78 weeks.


APPLY FOR A LOAN

ComFin Loan Requirements

Liscence

Commercial Carriage License

ID

Driver’s License (must include PPV)

Photos

Two (2) passport size pictures

Proof of Address

Utility bill or character reference from a Justice of Peace (J.P.) which includes your address

Quotation

Insurance certificate/ quote from insurance company

Valuation

Valuation report (no older than 6 months)

Collateral

Motor vehicle/ motor vehicle to be purchased

Vehicle

Digital images of the vehicle

Undertaking

Letter of undertaking

Business

Digital images of the business (where applicable)

Vehicle Documents

Copy of vehicle documents

Banking

Bank Statement

Contracts

Digital images of the business (where applicable)

Sales Agreement

Endorsement

Insurance endorsement

Stocks

Stock purchase receipts

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