Transportation Loan

Registration is required just as the other loan product with 40% savings deposit. Loan applicant must belong to Road Transport Union or National Road Transport Union because there must be a letter from the unon that is he is a good member. Also from the loan applicant, MSP branch should also send a letter to show that he is a good client.

Interest rate on this product 18% per year, one(1) month moratorium and repayment length is 11 months. If it is 2 years loan period], the interest rate is 36% and repayment period is 23 months. two(2) guarantors are required. Comprehensive Insurance of the vehicle will be made, also SEAP logo will be inscribed on it.