![]() For used vehicles, the Bank will normally require an appraisal from an approved vehicle valuator and your Republic Bank Loans Officer may wish to view the vehicle before the loan is granted.The source and value of the down payment.A Certified Copy of Ownership for used vehicle financing.A Letter of Sale from the owner OR a Proforma Invoice from the car dealer.Proof of Address (issued within the last 8 months).Income and Expenditure Statement if self-employed.Two recent Payslips - for first time and existing borrowers.One (1) form of Identification - valid Passport or Identification Card.For the Loan Application to be processed you will require: To obtain the financing required for your vehicle, follow the simple instructions stated below. Now that you have done all the research and are satisfied with your choice, you are ready to close the deal. How coverage applies during a repair visit should be clear.Deductible charges that are applicable should be itemised.The extent of coverage on vehicle parts and the body should be explained.Your Republic Bank Loans Officer can suggest to you the names of insurance companies who offer policies which can be used as collateral security for the loan.Decide how many persons you will allow to drive the vehicle, as limiting the number may entitle you to a discount.Investigate the insurance discounts you may be entitled to based on the vehicle's safety and security features, as well as your driving record.Ensure that you know what your insurance covers including who it covers and to what extent.Get an actual quotation from several insurance companies based on the value of the vehicle.the portion of any claim for which you will be responsible). ![]() Find out the value of your new insurance premium and the excess (i.e.Investigate to get an idea of the resale value of the vehicle.Ask people who already own the same model about their experiences with the car.Ask about the availability and the basic prices associated with spare parts. ![]() ![]()
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