Asset Finance

This product targets corporate clients who seek to acquire, modernize and/or increase fleet of motor vehicles (non-PSV), machinery & equipment and staff car loan schemes.

Features:

• Loan amount Up to Kshs 30m
• Competitive interest rates
• Appraisal fees 1% of loan approved
• Repayment period 3-7 years
• Age limit: Motor vehicle up to 5 years, Machinery, Plant & Equipment up to 8 years

 Minimum Requirements:

• Certificate of Incorporation / Registration
• Articles & Memorandum of Association (where applicable)
• Audited accounts for 3 years
• Management accounts for unaudited period
• Identification documents (ID cards / Passport, 2 coloured passport size photos )
• Board resolution to borrow – must be sealed
• Trading licenses
• Current Bank statements for 12 months
• PIN / VAT Certificate
• Comprehensive insurance cover
• Valuation report in case of second hand equipment
• Letter of guarantee