Taxi Finance

Overview

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



Benefits

  • 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.



Requirements

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



Rates & Fees

  • 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



Business

Loan Accounts