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Loan Products || Auto Loan - Taxi & Trotro

Specific eligibility criteria:

  • Have a driver’s license
  • Have authorization from city authorities to drive a car, Example, AMA, KMA, SAEMA
  • Should have been a driver for minimum two (2) years
  • Have a minimum equity of GHC 3,000.00 and GHC 1,500.00 depending on whether it is taxi or trotro.

 

B. Basic documentary requirement:

  • Driver’s license
  • AMA or KMA pass book
  • Proof that initial cash deposit has been fulfilled

 

C. Features

  • Comprehensive insurance on the car
  • Life insurance in case of death or permanent disability
  • Two guarantors or more needed
  • Car is owned and used by the owner, no third parties

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  • Prospective client should have an existing RoyalFlex or RoyalMax ...

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