Frequently Asked Questions:
How long will it take to find out if my application was approved?
Answer: 2-3 working days
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)
How long do I have to repay the finance?
Answer: There are 5 options: 12, 18, 24, 30 or 36 months
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)
Do I need to pay a deposit?
Answer: Yes, a deposit of 20% of the finance cost is required
What is the minimum amount that can be financed?
Answer: The minimum amount we can finance is R 20 000.00
Are you a registered credit provider?
Answer: Yes, we are registered with the National Credit Regulator.
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)