Transport & Storage
If you're in wholesale and retail, then this loan is for you
What is Transport & StorageLending to this industry involves loans for commercial vehicles such as taxis, buses, etc., and building construction and facilities for commercial or merchandising storage. The retail trade classification includes all business activities involved in the resale without transformation of new and used goods to the general public for personal or household consumption. Why go with us?Tonga Development Bank's Transport & Storage loan has:
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Eligibility Guideline – Applicants |
The vehicles to be purchased should be used for commercial purposes. Purpose for which loan funds can be used:
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Borrowers' Contribution |
A cash contribution of at least 25% is required on every vehicle loan. It is subject to review by the Bank. A written inspection/valuation for vehicles is to be obtained from a qualified mechanical workshop approved by the Insurance Companies, e.g. ASCO, MOW, Si’i Kae Ola in the case of used and recondition vehicles. The asset pledged as security e.g. vehicle must be sighted |
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