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.
Valid road license
Driver’s License (must include PPV)
Two (2) passport size pictures
Utility bill or character reference from a Justice of Peace (J.P.) which includes your address
Quotation from insurance company
Valuation report (no older than 6 months)
Motor vehicle to be purchased
Digital images of the vehicle
Letter of undertaking
First Union Financial Company Lien (noted and confirmed)