Public Passenger Vehicle Loans | First Union Financial

Public Passenger Vehicle Loans

About Our Public Passenger Vehicle Loans

This loan product starts at $300,0001 and is capped at $2,000,000 and is given to legitimate business owners and operators of public passenger vehicles.

The facility will assist applicants in acquiring motor vehicle as an upgrade or to add to his/her fleet.

The applicant MUST be able to acquire comprehensive coverage in his/her name and the vehicle to be purchased should be ten (10) years or younger.

A percentage of the vehicle would be financed by First Union Financial, however, the applicant is required to have his/her percentage deposit and the cash to comprehensively insure the vehicle for at least one year.

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 156 weeks.


APPLY FOR A LOAN

Public Passenger Vehicle Loan Requirements

Liscence

Valid road 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

Quotation from insurance company

Valuation

Valuation report (no older than 6 months)

Collateral

Motor vehicle to be purchased

Vehicle

Digital images of the vehicle

Undertaking

Letter of undertaking

Endorsement

Insurance endorsement

Lien

First Union Financial Company Lien (noted and confirmed)

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