Vehicle Loan

To be eligible for a vehicle loan at the NIS you must be:

  • An NIS contributor between the ages of 21 and 60.
  • The applicant or at least one of them must be resident citizen of Grenada.

You can get a vehicle loan the following purposes:

  • Purchase new vehicle.
  • Purchase used vehicle not older than 10 years.

Applicants for vehicle loans must submit the following documents:

  • Vehicle quote/invoice (for new).
  • Vehicle valuation (for used).
  • Quote for vehicle insurance.
  • Copy of driver’s license.
  • Proof of income (recent pay slip & job letter).
  • Evidence of ownership of, or title to the land.