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Provisions for Car Loans

C 28/2010 Effective from 10/3/2010
  1. Where installments are in arrears for (90) days:
     

    a provision of 25% of loan balance will be made.

  2. Where installments are in arrears for (120) days:
     

    a provision of 50% of loan balance will be made.

  3. Where installments in arrears exceed (180) days, and the sale of the car is hindered for any reason:
     

    a provision of 100% will be required.