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Vehicle Loans

At COB, we believe in making your life as easy as possible. Travel in comfort in your own ride when you obtain a COB Vehicle Loan.  

New Vehicles

Persons applying for new vehicle loans are required to supply us with the following:

  • A Proforma Invoice for the vehicle
  • A quotation for Comprehensive Insurance coverage.

 

Used Vehicles

Persons applying for used vehicle loans are required to supply us with the following:

  • A letter from the vendor which confirms sale of the vehicle. This letter should also include engine/chassis number, make and model of the vehicle and the agreed selling price 
  • A Roadworthy Certificate from a recognized garage
  • A Valuation Report from a vehicle distributor or recognized garage
  • A quotation for Comprehensive Insurance Coverage 

Used vehicles should not be older than six (6) years old. A percentage deposit of the total cost of the vehicle must also be on the account at the time of the application.

Vehicle Repairs

Persons desirous of applying for loans for vehicle repairs are required to present the following:

  • A detailed estimate of expenses