Product Features
- Accessible to employers of qualifying organizations
- Repayments periods are four years for used and five years for new motor vehicles respectively
Entry Requirements
- Should be a citizen with a valid Omang and also a government employee or an employee of a qualifying Parastatal
Pricing
- Loan interest rate is at prime rate
- Arrangement fee is 1%, Min:P600, Max:P950.00
How do I apply for an Guaranteed Motor Vehicle Scheme?
1
Step 1
Confirm whether your organization has guaranteed motor vehicle and mortgage scheme with BSB. (Facility offered to all Government employees).
2
Step 2
Where scheme is available, check with employer on how much you qualify for.
3
Step 3
Fill and submit the signed application form together with account opening requirements and submit at your place of employment for assessment and approval.
4
Step 4
An approved application form will be forwarded to the Bank for loan disbursements.
