Loans

Features and Benefits:

• No down-payment is optional: 100% financing is available* based on the client’s ability to repay.
• 1st year’s insurance cost can be included in the loan.
• Maximum term.
  • Five years – Sedans
  • Six years - High-end/SUV’s
• The monthly installment depends on the loan term, the amount of the loan and the interest. The loan term and the monthly installments are stipulated in advance and will not change.

*Applicant’s income and expense level will be taken into consideration for qualification for 100% financing. The bank reserves the right to request some form of equity injection if in their overall assessment, the application requires such an outlay by the client.

Requirements:

Employment status

• Permanent, temporary*, contract* and self –employed individuals

Individuals classified as temporary or contract will be assessed on a case by case basis.

Employment tenure

• Minimum two years.

Employer profile

• Eligibility includes companies that are:
  • Listed on the local Stock Exchange.
  • Banking with RBTT and in good financial standing.
  • State-owned companies, subsidiaries and quasi-government.
  • Well-known/reputable privately owned companies.

Standard documentation

• For all applicants -Two forms of valid Identification and recent utility bill.
• For salaried individuals – Recent job letter and last two pay slips.
• For self employed individuals – Reliable Management figures and bank statements for two years must support stated personal monthly income. In the absence of the above, information must be presented and substantiated by the related level of deposit and withdrawal activity.
• Registered Mortgage bill of sale as well as full comprehensive insurance will be taken over the asset and used as collateral.

Age requirement

• Minimum age - 18 years.
• Suggested maximum* age – 65 years.

Clients over the age of 65 will be dealt with on a case by case basis.

Other

• Salary assignment or deduction is highly recommended.
• Credit checks are mandatory

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A Car Loan that enables you to finance the purchase of a used car (local or foreign used) intended for private use.

Features and Benefits:

• Minimum down-payment of 20%* is required.
• Term of loan and age of vehicle should not exceed eight years.
• The amount of the loan depends on your financing need, your income and your expenses.
• 1st year’s insurance cost can be included in the loan.

Maximum term

• Four years – Sedans.
• Five years - High-end/SUV’s.

The monthly installment depends on the loan term, the amount of the loan and the interest. The loan term and the monthly installments are stipulated in advance and will not change.

Applicant’s income and expense level will be taken into consideration for qualification for 80% financing. The bank reserves the right to request a higher downpayment if in their overall assessment, the application requires such an outlay by the client.

Requirements:

Employment status

• Permanent, temporary*, contract* and self –employed individuals.

Individuals classified as temporary or contract will be assessed on a case by case basis.

Employment tenure

• Minimum two years.

Employer profile

– Eligibility includes companies that are:

• Listed on the local Stock Exchange.
• Banking with RBTT and in good financial standing.
• State-owned companies, subsidiaries and quasi-government.
• Well-known/reputable privately owned companies.

Standard documentation

• For all applicants -Two forms of valid Identification and recent utility bill.
• For salaried individuals – Recent job letter and last two pay slips.
• For self employed individuals – Reliable Management figures and bank statements for two years must support stated personal monthly income. In the absence of the above, information must be presented and substantiated by the related level of deposit and withdrawal activity.
• Registered Mortgage bill of sale as well as full comprehensive insurance will be taken over the asset and used as collateral.

Age requirement

• Minimum age - 18 years.
• Suggested maximum* age – 65 years.

Clients over the age of 65 will be dealt with on a case by case basis.

Other

Salary assignment or deduction is highly recommended. Independent motor vehicle appraisal from reputable valuator is mandatory. Credit checks are mandatory.

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A Personal Loan enables you to have enough funds to finance a specific purpose.

Features and Benefits:

• The amount of the Personal Loan depends on your financing need, your income and your expenses.
• Based on the purpose, the loan term can be from 1 to 5 years. Larger loan amounts or longer loan terms are possible in consultation.
• The monthly installment depends on the loan term, the amount of the loan and the interest. The loan term and the monthly installments are stipulated in advance and will not change.
• From the moment that you dispose of the funds, you begin to pay off on your loan until you have reached nil.
• Unsecured lending is available. The amount the client is entitles to will vary from individual to individual.

Requirements:

Employment status

• Permanent, temporary*, contract* and self –employed individuals

Individuals classified as temporary or contract will be assessed on a case by case basis

Employment tenure

• Minimum two years

Employer profile

– Eligibility includes companies that are:

• Listed on the local Stock Exchange
• Banking with RBTT and in good financial standing.
• State-owned companies, subsidiaries and quasi-government
• Well-known/reputable privately owned companies

Standard documentation

• For all applicants -Two forms of valid Identification and recent utility bill
• For salaried individuals – Recent job letter and last two pay slips
• For self employed individuals – Reliable Management figures and bank statements for two years must support stated personal monthly income. In the absence of the above, information must be presented and substantiated by the related level of deposit and withdrawal activity
• Registered Mortgage bill of sale as well as full comprehensive insurance will be taken over the asset and used as collateral.

Age requirement

• Minimum age - 18 years
• Suggested maximum* age – 65 years

Clients over the age of 65 will be dealt with on a case by case basis.

Other

Salary assignment or deduction is highly recommended. Independent motor vehicle appraisal from reputable valuator is mandatory Credit checks are mandatory.

Apply Now