Vehicle & Asset Finance

Key Features

✅ Loan Amount:

• New Cars: Up to 100% of vehicle value

• Used Cars: Up to 80% (max 10 years old)

• Taxis/Bakkies: Specialized financing

✅ Interest Rates:

• Prime – 1% (for strong credit)

• Prime + 5–7% (average borrowers)

• Fixed or Variable options

✅ Repayment Terms: 12–72 months
✅ Balloon Payments: Optional (lower monthly installments)

Target Market

• First-Time Buyers (Young professionals)

• Families (Minivans, SUVs)

• Entrepreneurs (Taxis, delivery bakkies)

• Commercial Fleets (Up to 5 vehicles)

How Kamina’s Vehicle Finance Works

1️⃣ Pre-Approval: Check eligibility online (soft credit check)
2️⃣ Choose Your Car: From dealers or private sellers
3️⃣ Final Approval: 24–48 hours (documents required)
4️⃣ Drive Away: Funds paid directly to seller

Strategic Advantages for Kamina

🔹 Market Gap:

• Banks reject 40% of used car loan applications

• Taxi/bakkie owners struggle to finance via traditional lenders

🔹 Kamina’s Edge:

• “Green Vehicle Discount” (1% rate reduction for hybrids/EVs)

• Taxi Finance Program:

  • GPS tracking reduces risk

  • Repayments aligned with daily earnings

• First-Time Buyer Special:

  • 5% deposit (vs. banks’ 10–20%)

Compliance & Risk Management

⚠ NCR Requirements:

• Full credit assessment

• Insurance (comprehensive or bank-nominated)

• Odometer verification for used cars

⚠ Kamina Safeguards:

• 72-Hour Cooling-Off Period

• Voluntary Surrender Program (Avoid repossession)