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Q.
How much can you borrow? A.
A reasonable amount comparable to your income level
and ability to repay.
Q. What is your
contribution? A.
Down payment of 30% of cost of asset plus insurance cost is
required. Reduced rate of contribution may be allowed if
employer's guarantee is provided.
Q. What is the repayment
period? A. Varies
from 12 to 48 months depending on asset being acquired.
Q.
What is the interest rate?
A. Variable, competitive and dependent on money
market rate offerings.
Q. What is the acceptable
collateral? A.
Any of the following:
- Employer's guarantee
- Share certificates
- Financed asset self-collaterisation
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