Finance Options

GENERAL RULES

Client must be between ages 18 – 65

Earn a minimum monthly income of R3500 No one should sign on behalf of the client
Do not email or fax documents to clients -customers must be seen face to face
Must have a green barcoded ID or Card
We accept:

• Permanent employees
• Contract employees (providing it covers the period of the credit agreement)
• Self Employed (must either have car or bond finance)
• Civil pensioners
• Domestic workers

Client must NOT have judgements/defaults or arrears – if paid up, proof must be produced

NO Internet bank statements

CHECK LIST

• Ensure you have checked & signed for all original documents
• Client to produce original ID
• ID copy must be clear
• Latest 3 months bank statement (not older than 7 days)
• Self Employed – 6 full months business bank statement & 3 months personal
• Latest payslip, if computer printed / hand written, it must, reflect date employed and salary amount
• Ensure client has signed pre – agreement
• We require letters from Toyota I Transnet as they do not confirm employment
• Due to the POPI Act— HR require consent from employees to disclose info.

PROCESS

• Quick checks turn around time 25 minutes
• Full application can take up to 2 working days – mainly due to confirmation of employment and verification with customer
• SMS’s will be sent to client & dealer during the process – IF you do not receive these please address with sales representative asap
  CHECKING OF ALL DOCUMENTATION
• Affordability
  • WHY DID THE APPLICATION FAIL AT THE AFFORDABILITY STAGE?
    • Failure to capture information correctly
    • Incorrect amounts
    • Customer cannot afford the credit applied for
    • Other expenses were not disclosed
• Employment confirmation
• Verification
  • Client must be informed that our office will call them within 48 hours & they should answer their phone to avoid any delays with application
• Authorisation