Asset Finance
This is a short to medium-term loan for the acquisition of an asset. The asset acquired also serves as the collateral for the facility until the loan is fully repaid. Whether you need new machinery, vehicles, technology, or any other valuable asset, our loan empowers you to make smart investments without straining your cash flow. Looking to expand your business or upgrade equipment? Our Asset Finance Loan is the perfect solution to help you achieve your goals!
FEATURES
- Monthly repayment
- Highly competitive interest rate
- Quick access to facility
- Maximum tenor of 12 months
ELIGIBILITY
- Borrower must have an account with the bank
- Borrower must have a regular source of income
- Borrower must be between the age of 18 and 65 years
REQUIREMENTS
- Duly completed loan application form
- Provision of a valid means of identification of the borrower and guarantors
- Recent utility bill not more than 6 months
- Two recent passport photographs of borrower and guarantors
- Six months bank account statement up to application date of the borrower and guarantors
- 30% equity contribution
- Two eligible guarantors
- Two duly signed cheque leaves of the borrower and guarantors
