Platinum Credit’s MirembeDrive Loan is a flexible, vehicle backed loan product designed for clients who want more breathing room in their finances. It solves the single biggest frustration vehicle loan borrowers face with traditional lending: being locked into high monthly instalments with no room to manoeuvre and steep penalties for wanting to pay off early.
MirembeDrive Loan offers reduced monthly instalments, while giving client the freedom to settle their loan whenever it suits them with zero early settlement penalties. This means lower monthly pressure, full control over when the loan is cleared, financial safety, and genuine peace of mind. Clients also receive a free vehicle valuation as part of the application.
The maximum loan amount available under the MirembeDrive Loan is UGX 70 million, while the minimum is UGX 3 million, with a repayment term of 60 months.
Requirements
- Work ID
- Colored Passport Photo
- Valid National ID
- Vehicle Logbook (in applicant’s name)
- Verifiable Income
- No Valuation fees charged!
- Comprehensive insurance for loans above 1OM
- No parking!