#yakocares
Vehicle Loan
PURPOSE.
To buy personal or business vehicles.
Features.
VEHICLE LOAN: Loan amount is below UGX 50,000,000.
CORPORATE VEHICLE LOAN: Loan amount is beyond UGX 50,000,000.
REQUIREMENTS: (Individual)
- 2 Passport size photographs.
- National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
- Driving Permit (Valid).
- Pay slips from work or receipts (business) for the last 3 months.
- roof of business ownership for self-employed people.
- Appointment letter from work and work ID (for employees).
- Bank statement or Mobile Money Statement for the last 6 months.
- Uber Driver Statements for the last 6 months (Uber Driver’s only).
- Financial Card.
- Security; Car logbook of the vehicle to be purchased with Comprehensive insurance.
- Selling Price of the Vehicle
- New Vehicle: Invoice from the Bond
- Old Vehicle: Valuation Report done by Yako Bank
- Cheques (4).
- Proof of Permanent Residence (Water or Electricity bill in the borrower’s names).
- 2 Guarantors (Guarantor requirements)
- Cheques (in case the borrower does not have cheques).
- Proof of Permanent Residence (Water or Electricity bill in the borrower’s names) Only if the borrower has a temporary residence.
- National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
- 1 passport photo each
- Savings Account with Yako Bank.
REQUIREMENTS: (Company)
- Certificate of Incorporation or Registration.
- Memorandum and Articles of Association.
- Form 7, 18 and 20.
- Partnership deed in case of a partnership.
- Board resolution (account opening and loan with Yako Bank) registered with URSB.
- Trading license (valid).
- Tax Certificate.
- Audited Books of Accounts.
- Bank statement or financial statements for the last 6 months.
- Proof of works done and current works e.g. contacts.
- Company Debenture Form.
- Financial Cards (for the company and its directors).
- Company Cheques (6).
- National IDs of directors (for nationals), or valid passport, visa and work permit (for foreigners).
- Passport size photos (2 each) for the directors/signatories to the account.
- Security; Car logbook of the vehicle to be purchased with Comprehensive insurance.
- Selling Price of the Vehicle
- New Vehicle: Invoice from the Bond.
- Old Vehicle: Valuation Report done by Yako Bank.
- 2 Guarantors (Guarantor requirements).
- Cheques (in case the borrower does not have cheques.)
- National ID (for Ugandans) or Valid Passport, Visa and Work permit (for foreigners).
- 1 passport photo each.
- Company Savings Account with Yako Bank.