What are the guidelines for a Sale and Buy-Back transaction?
A Sale and Buy Back transaction is permitted under strict conditions for Commercial lending only.
The key policy guidelines are:
-
Asset Eligibility: Limited to Motor vehicles, Category A and Category B assets only.
-
Assessment Path: Available under Streamline assessment only.
-
Purchase Timing: The asset must have been originally purchased from a dealer within the last 3 months. Documentation verifying the original dealer purchase is required.