ACCESS AutoLoan PPV

TARGET MARKET : Access Auto Loan – PPV is a motor vehicle service geared towards helping the taxi driver with day to day expenses such as licensing, insuring, repairing etc and drivers aspiring to own his/her taxi or current owners seeking expansion of their fleet. Access Financial Services Limited will assist you with monetary funding in the range of $100,000 to $650,000 (up to 70% financing available for selected vehicle purchase – 1998 and above). Increased loan amount is negotiable.
Applicants of this product will be eligible for additional financing (from ACCESS) to cover the total cost of COMPREHENSIVE insurance:

INTEREST RATE : 39.8% per annum (REDUCING BALANCE)

MAXIMUM LOAN TERM : 36 Months

FUNDING PROVIDED : 70% Financing provided

Vehicle Purchase Requirements:

APPLICANT

• 2 Passport Size Pictures
  1. T.R.N. & Valid Identification.
  2. Utility Bills (Last 3 months) & Address Verification (site visit).
  3. 2 Character reference letters – J.P., Pastor , Principal & Inspector of Police.
  4. Completed Application form
  5. Proof of Deposit (minimum deposit 30%)
  6. Copy of Motor Vehicle documents
  7. Valuation report from an approved motor vehicle valuator
  8. Quotation from an approved insurance company for COMPREHENSIVE insurance on the vehicle to be purchased
  9. Processing Fee - $6,500.00
  10. INTEREST RATE – 39.8% per annum (REDUCING BALANCE)
  11. MAX REPAYMENT PERIOD 3 YEARS.    
  12. 70%  Financing provided.
  13. MUST be a taxi operator for a minimum of one (1) year.
  14. MUST posses all the legal operating requisites i.e. PPV, Badge etc.
  15. WEEKLY PAID LOAN service.
  16. Registration FEE _____
  17. Mechanic inspection FEE _____
  18. Lien registration Fee*

VEHICLE MAINTENANCE (insuring, repairing, licensing etc) REQUIREMENTS

• 2 Passport Size Pictures
  1. T.R.N. & Valid Identification.
  2. Utility Bills (Last 3 months) & Address Verification (site visit).
  3. 2 Character reference letters – J.P., Pastor, Principal & Inspector of Police.
  4. Completed Application form
  5. Copy of Motor Vehicle documents (Title, Cert. of Fitness & Cert. of Registration)
  6. Processing Fee - $6,500.00
  7. INTEREST RATE – 39.8% per annum (REDUCING BALANCE)
  8. MAX REPAYMENT PERIOD 9 Months.    
  9. MUST be a taxi operator for a minimum of one (1) year.
  10. MUST posses all the legal operating requisites i.e. PPV, Badge etc.
  11. WEEKLY PAID LOAN service.