These specialized loans are designed to facilitate the acquisition of motorcycles and three-wheeled vehicles (Bajaji) for individual entrepreneurs. Eligibility for this loan extends to individuals who have either successfully graduated from TTCEE group loans or are engaged in self-employment ventures.

General Conditions:

• Eligibility: Applicants must be TTCEE graduates or self-employed, aged 18 or older, and have a valid Tax Identification Number (TIN).
• Residence Requirement: Permanent residency is mandatory.
• Sponsorship: Each applicant needs two sponsors; one must be their spouse or chairman of a Motorcycle/Bajaji Union.
• Capital Contribution: Applicants contribute 50% of the equipment’s value; Tulia Trust covers the rest.
• Payment Settlement: Tulia Trust pays suppliers directly upon receipt of necessary documentation, holding the registration card until loan maturity.

Procedure:

• Application Form: Prospective applicants complete a detailed form verifying personal, occupational, and social details.
• Collateral: Financed equipment acts as collateral, available for sale in case of default.
• Sponsorship Advice: Applicants are urged to secure sponsors, with a spouse preferred as primary and a union chairman as secondary.

Repayment Terms:

• Monthly Obligations: Regular monthly repayments covering principal and interest rate per month ensure timely repayment

Important Notice: Beware of Scams
Tulia Trust does not charge clients any money to get loans. Be cautious of scams and avoid paying any fees to obtain a loan. All loan applications and services are handled directly at our branches.