• 38 St Athans Drive Bluffhill, Harare, Zimbabwe
  • (+263) 739 677 357
  • 8am - 4pm
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Cruizfin

Vehicle Asset Finance (VAF) loan
Inquiries

If you have not asked about this facility and have a different inquiry, kindly send a Hi to our WhatsApp below for further assistance.

New & Pre-owned vehicles importation

Vehicle Asset Finance Key Terms

Tenure: 5 years (brand new vehicles) | 3 years (pre‑owned vehicles)
Deposit:

  1. 30% for new vehicles
  2. 35% for pre‑owned vehicles (max 10 years old)
  3. Vehicles must be in Zimbabwe

Interest & Charges

  1. Interest: 15% p.a.
  2. Arrangement fee: 3% once‑off
  3. Insurance fee: 1%
  4. Life cover: 1.31% (payable in advance)
  5. Comprehensive insurance: up to 3.5% (OMICO)
  6. Vehicle tracking: USD 86 installation + USD 14/month

Vehicle Registration

Requirements

  1. Bank FCY account
  2. Standard KYC: latest payslip, 3‑month bank statements, passport photo, proof of residence, letter of undertaking
  3. Vehicle quotation/invoice or agreement of sale
  4. Vehicle registration book (seller’s name) or ZIMRA import certificate
  5. Police clearance & garage report
  6. Seller’s bank details

Vehicle Registration

Eligibility

Total loan repayments must not exceed 25% of gross monthly income

Loan Tenure & Qualification:

  • 2 yrs: Gross Salary x 5
  • 3 yrs: Gross Salary x 7
  • 4 yrs: Gross Salary x 9
  • 5 yrs: Gross Salary x 10

Our customer support team is here to answer your questions. Ask us anything!
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