SA Taxi Car Loan Calculator

Faysal Bank Limited
SA Taxi was founded in 1996 and now has more than 860 employees. The company is based in Midrand, Gauteng – with a customer base spread throughout South Africa. We focus exclusively on empowering SMEs in the taxi industry. Of the estimated 250 000 taxis on the roads in South Africa, SA Taxi finances more than 28 000. As a gateway financer, we enable entrepreneurs to start and sustain their own small businesses by catering for all their taxi related needs. Furthermore, we facilitate insurance that ensures that, if the vehicle goes out of service for any reason within the first six months, the operator is able to pay his next instalment and keep his business going until the vehicle is back in operation – or, if necessary, replaced. Foundational to our business model are proprietary data sets and analytics capabilities that allow SA Taxi to predict risk and manage it in real time.

Features and Benefits

  1. Competitive Rental Rate
  2. Fast and hassle-free processing of application
  3. Flexibility in selection of cars (Locally Manufactured Vehicles)
  4. Facility against brand new as well as used vehicle Facility Amount up to 70% of the value of the vehicle (Maximum of Rs. 3,000,000 can be availed)
  5. Facility tenure from 1 to 5 Years Co-borrower facility available Comprehensive Takaful coverage from Reputed Insurance Companies Early settlement option

Required Documents

SALARIED 

  1. Copy of CNIC / NICOP / POC 2
  2. recent passport size photographs
  3. Latest pay slip / salary certificate from employer
  4. Bank statement for the last 6 months
  5. Duly filled loan application form BUSINESSMAN AND SELF-EMPLOYED

PROFESSIONAL 

  1. Copy of CNIC / NICOP / POC
  2. 2 recent passport size photographs
  3. Bank statement for the last 6 months
  4. Proof of profession or business Proprietorship letter NTN certificate
  5. Tax Returns of 2 years PROFESSIONAL DEGREE

VALID MEMBERSHIP OF APPLICABLE PROFESSIONAL BODY (FOR SEP ONLY) 

  1. Duly filled loan application form Proprietors
  2. Partnership Concerns or Limited Company Copy of CNIC / NICOP / POC
  3. 2 recent passport size photographs
  4. Declaration of proprietorship
  5. Certified Partnership Deed
  6. Memorandum & Article of Association
  7. Form A & 29
  8. Company Profile Bank statement for the last 6 months
  9. Tax Returns and Assessment Order for the last 2 years
  10. Copy of latest utility bill Duly filed application form

Eligibility

  1. South Africa Citizenship
  2. Minimum Monthly Net Salary / Monthly Income Requirement: PKR 80,000 Minimum
  3. Age Requirement: 22 years* Maximum Age (at loan maturity): 65 years (salaried) and 70 (Self-Employed)
  4. Employment/Business Length: Minimum 6 Months
  5. Employment (Salaried)* / 1 Year Business (Self-Employed).*
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