I am interested in the

The product allows consumers to own movable long-term assets e.g. vehicles where the bank pays the dealer or manufacturer in lump sum while allowing clients to pay in installments. This facility is available for retail, SME and corporate Clients.

Why choose the Asset Finance

Competitive interest rates

Quick turnaround time

Eligibility / Documents Required

  • Duly filled application form
  • Current valuation of the asset to be purchased
  • Joint Registration of the assets between the bank and the individual/entity
  • Not negatively listed on CRB
  • Sale agreement or Proforma invoice
  • asset to be registered in joint names
  • Valuation report for used vehicle
  • Bank statement for the last 6 months (12 months bank statements for unemployed clients)
  • 3 months latest pay slip

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Rates & Fees

  • Interest is pegged on Bank base rate + 4%p.a.with a base rate of 13% calculated on reducing balance.
  • Processing fees of 3%
  • Credit Life with retrenchment cover rider.
Asset Finance