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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.