Asset Finance Loan
Asset finance is a facility available to members and is intended to assist in the acquisition of movable and immovable assets such as motor vehicles and land.
Asset Finance Loan
Intended to assist in acquisition of movable assets such as motor vehicles.
Features
- Sacco finances 80% of the cost of the asset, (5 times). Maximum financing is Ksh 3,000,000.
- The interest rate is 1.5% per month on a reducing balance.
- The loan is payable within 36 months.
- The asset/document purchased acts as the security.
- Can be given with and/or without other existing loans.
- The loanee is responsible for all the charging costs. including valuation and transfer cost.
- The money is channeled to the vendor.
Benefits
- Get loan approval within fourteen (14) working days
- Acquire an asset and pay for it in affordable installments while you utilize it.
- The loan application process is simple, fast, and friendly.
- Affordable pricing.
Requirements
- Sacco provides the insurance cover
- Be an active member.
- Must be comprehensively insured through an appointed insurance agent by Sacco.
- The valuation report, transfer, or importation documentation is to be attached.
- Attach a copy of the applicant's ID.
- A duly completed loan application form.