"The Wheel Deal"

                                                         
 Overview- A widely used form of Consumer finance for vehicle purchase.
- Repayable in equal installments over an agreed period.
Target Group-
- Credit worthy personal or commercial customers/non customers.
- Individuals/Businesses who meet the credit assessment guidelines of Dominion Finance.

Features

• Minimum amount is $5,000.00.
• Maximum term between 3 and 5 years.
• A first Registered Bill of Sale or Hire Purchase Agreement over the vehicle being purchased is taken to cover lending plus other security if required.
• Customer minimum contribution required is 33.3% (1/3) of the purchase.
• Monthly repayments may not exceed 25% of the customer’s sole income or 35% of the joint income.
• Repayments can be made weekly, fortnightly or monthly.
• Additional payments can be made at any time or the loan repaid in full without penalty.
• Redraw facility available.

Benefits

• Full flexibility available so the loan can accommodate your changing circumstances.
• Early or additional repayment of the loan is permitted at any time without incurring any charge so you will own your own vehicle sooner than expected.
• Repayments can be tailored to suite your individual needs.
• Insurance can be arranged so you can have the peace of mind that your vehicle is secured.

Interest Rates

• Compounded Interest rate is fixed for the term of the loan and is not subject to variation during this term.

Fees and charges

• One up front Loan Approval Fee.
• Notification fee may apply for any arrears.
• Solicitors cost and Government charges may also be payable if Bill of Sale security is prepared. The amount dependent on the Solicitor engaged and the amount of the loan.

Should you require further clarification on this product please do not hesitate to contact our team leader sales and marketing excecutive on 3317744 or email on:  Sakiusa.biumaiwai@dominionfinance.com.fj

Our application forms are also available online.