Asset Finance
Features
A loan facility that is intended to facilitate individuals who draw an income to acquire moveable assets such as cars, pick-ups, buses, tippers, prime movers, heavy earth moving and industrial equipment.
- Access up to 80% financing for brand new motor vehicles.
- Up to 60% financing for both used commercial and personal motor vehicles.
- A maximum repayment period of 18 months (1 ½ years).
- Access a minimum amount of KShs. 250,000.00 (Two hundred and fifty thousand Kenya Shillings) to a maximum amount of KShs. 2,000,000.00 (Two million).
- Secured by motor vehicle logbook.
- Only businesses and individual with no negative listings with the Credit Reference Bureaus (CRBs) qualify.
Requirements
Limited Company
- Original and copy of National Identity cards of directors / applicants where applicable
- Copy of KRA PIN certificate of the directors
- Passport photos of the directors
- Certificate of registration
- Copy of the company’s KRA PIN certificate
- Copy of valid business License
- Latest 6 months’ certified bank statement
- Latest 6 months certified M-Pesa statements where applicable
- Memorandum and Articles of Association and or CR1, CR2, CR8, and CR12 where applicable
- Original and copy of motor vehicle logbook
Business Entities
- Valid business License
- Latest 6 months certified bank statement
- Latest 6 months’ certified M-Pesa statements
- Copies of business receipts/invoices
Salaried Professionals
- Copy of employment letter
- Latest three months’ pay slips
- Latest 6 months certified bank statement
- Latest 6 months’ certified M-Pesa statements