Transport Loan - Akuapem Rural Bank

Description

It is designed for transport unions as well as individual transport owners and operators.

Features

Available to customers of ARB
Can be used to purchase either brand new or home used vehicles(not more than years from the date of manufacture)
The loan amount is dependent on the ability and capacity to repay
Flexible repayment terms
Competitive interest rate
Life insurance (for individual transport operators)
Comprehensive insurance vehicles

Requirements

Resolution to borrow (in the case of Union).
Application letter for a loan (in the case of individual transport owners).
Valid national identification signatories to the account.
One passport-sized photograph of each of the signatories to the account.
Provision of all relevant documents to be used as collateral for the loan.
Provision of cash security.
Executive guarantee (in the case of unions).

Benefits

Increases the fleet of vehicles.
For maintenance.
Provides a solid platform for unions.

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