Vehicle Finance

Nasser Mogne

05/06/2008 6:00 pm

Barclays offers advantageous leasing solutions for financing and acquisition of your vehicles.

A vehicle is so much more than a set of wheels. It's independence, exploration and adventure. It's work, weekends, memories with your family and friends. So why don't you choose yours and leave the rest with us?

At Barclays we understand this-which is why as Mozambique's second largest bank, we offer a complete solution to meet your total financing needs of your new/ used car, small or 4*4 vehicle.

And complemented, for your peace of mind, with Hollard insurance. Are you ready to choose yours? we are ready to make it happen. The service is available for financing from 250,000,00 Mt, and gives you up to 60 months to repay, at acompetitive rate.

Features:

  1. Available for purchasing Vehicles at certified dealers to ensure quality.
  1. Simple to arrange

How to apply:

Existing and new customers would simply complete the relevant application forms and take with you, the following documents:

INDIVIDUALS COMPANIES
  • Copy of ID/Passport/DIRE (Residence Permit)
  • Copy of driving license
  • Pro-forma invoice from the supplier
  • N.U.I.T (Taxpayer Number)
  • Full income statement of applicant, spouse and guarantor (include net monthly salary, date of appointment, contract validity and role)
  • Banking statements for the last 6 months (for non-BBM customers)
  • Documentary evidence of residence (e.g. water, Electricity, Telephone bill voucher or lease contract)
  • Business registration Certificate
  • Articles of Association published in the Official Gazette
  • Pro-forma invoice from the supplier
  • NUIT(Taxpayer Number)
  • Financial Statements for the last 3 business years
  • Audit Report (if the company has been audited)
  • Power of Attorney granting full powers to perform the act and identification document of the Attorney
  • Customer Portfolio and copies of signed contracts, if available
  • Banking statements for the last 6 months
Description Minimum Maximum
Period 18 months *60 months
Residual Value MZN 1,00
Contribution 10% 40%
Interest Rate Competitive Competitive
Age 21 60
Amount MZN 250.000,00 n/a
Opening Fee 1% of the loan amount
Guarantee Full insurance of the good to be purchased, where BBM is the mortgage holder

* Depending on the useful life of the good

** Depending on the credit risk

Others:

§ Supplier approved by the Bank

§ Instalment repayable not above 1/3 of the full net income

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