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Internet Banking

Personal Finance & Loans

Vehicle Finance – Personal

Medium to long term loan to finance acquisition of movable assets for personal use.

Why This Finance Facility?

Understanding all details around this product will help you decide if this is the right product for you.

Specific Target Market

  • Medium to long term loan to finance acquisition of movable assets for personal use.

Benefits

  • Structured repayments based on affordability
  • Customers enjoy full usage of the asset while still paying for the asset.

Minimum Requirements

  • Pay Slips - 3 months
  • Bank Statements (new customer)
  • Personal Statements
  • Affordability assessment
  • Employer’s confirmation (mandatory for salaried customers)

Prime linked and risk based.

Acquisition of any movable property with an identifiable serial number for personal use.

Limited to salaried individuals.

Primarily based on the asset being financed, loan repayment ability based on affordability assessment.

Depend on affordability, serviceability and on the credit decision taken.

Lien of assets financed and additional collateral maybe required.

24 - 96 months

Pricing

Processing fee is 1% capped at M5,000.00.

Regularly Update Your Personal Details

Use Your Account Without Restrictions

As part of the country’s fight against money laundering and financing of terrorism, we are required by law to keep updated personal records of our existing clients. Visit the nearest Lesotho PostBank branch with your valid identity document, proof of residence, and proof of income if have not updated your documents in the last 24 months.