Overview

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Ithala Taxi Finance offers clients an opportunity to buy a commercial vehicle through a hire purchase agreement which will be used to ferry passengers and is properly registered with the taxi industry regulatory bodies

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Benefits

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• Own a commercial vehicle in a period of up to 60 months.
• Get prime based competitive interest rate.
• Opportunity to create income and wealth.
• Employment creation.

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Requirements

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• A member of the Taxi Association.
• With valid Operating Licence and Route Permit.
• Be prepared to have an Ithala trabsactional account for Loan Repayment.

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Rates & Fees

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• Monthly repayments are done through salary deduction by employer
• A once off initiation fee will be charge to the maximum allowed by National Credit Act (NCA)
• A monthly Service fee is also charge as the maximum allowed by the NCA
• The interest rate is prime-linked over the term of the loan

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