ASSET FINANCE

This is a short to medium term loan granted to clients for purchase
of capital assets, mainly motor vehicle, motor bikes, construction equipment, industrial plant and machinery, plots, agricultural equipment’s and land



PRODUCT FEATURES

  •  It is a Street Finance undertaking hence must be secured
  •  Advanced for a medium term period
  •  Customer/Street Finance contribution is usually 40/60.



PRODUCT BENEFITS

  •  Ability to purchase assets with minimum capital either for business or personal development.
  •  Repayment period negotiable.
  •  Attractive Interest rates.
  •  Sound financial advice from credit officers. 
PRODUCT REQUIREMENTS
  •  There must be an existing legal business with an operative bank account
  •  Application for the facility with a clear purpose supported by documentation such as invoices, order, etc
  •  Financial information
  •  Collateral/security