Frequently Asked Questions:

 

Question 1:

How long will it take to find out if my application was approved?

Answer:  2-3 working days

Question 2:

Is this a personal loan?

Answer:  No, this is not a personal loan, it is asset finance (Same a s when you apply for a new motor vehicle)

Question 3:

How long do I have to repay the finance?

Answer:  There are 5 options: 12, 18, 24, 30 or 36 months

Question 4:

Is there any other fees involved?

Answer:  Yes, once you application has been approved and accepted by you, there is a admin fee of R1140.00 (once off)

Question 5:

Do I need to pay a deposit?

Answer:  Yes, a deposit of 20% of the finance cost is required

Question 6:

What is the minimum amount that can be financed?

Answer:  The minimum amount we can finance is R 20 000.00

Question 7:

Are you a registered credit provider?

Answer: Yes, we are registered with the National Credit Regulator.

Question 8:

Do I have to insure my bicycle?

Answer:  Yes, as a financed asset you will have to insure the bike (same as when you finance a motor vehicle)