FAQs

A one-person business enterprise can be eligible for business car financing.

Small enterprises can select form Lease, Chattel Mortgage and Commercial Hire Purchase to finance motor vehicles.

Small entities with strong turnover, good credit profile and strong financials can be offered competitive interest rates.

Yes. Both new and used vehicles are eligible for commercial car financing.

Comparing repayment estimates on different car prices can be done by using an online car loan calculator.

Yes. When approved for commercial vehicle financing, small entities are entitled to the tax benefits relevant to the selected loan type.

No. Commercial car financing is arranged with a fixed interest rate. The rate does not change over the loan term.

Yes. Buyers can apply for commercial vehicle financing and receive conditional approval prior to purchasing. Specifics of the final price, loan amount and type of vehicle are finalised and the offer updated, when the vehicle is selected.

Commercial car financing can be approved with the vehicle as the sole source of security. Some enterprises with less assets and smaller turnover, may be requested to provide additional security or a personal guarantee.

Yes. A balloon is an option for Commercial Hire Purchase and Chattel Mortgage. All features of these products can be realised when a small entity is approved for a loan.