Asset Acquisition Loan

This is a loan that enables the customer to acquire specific assets such as electronic/electrical appliances, furniture items, automobiles/motorcycle etc. Customers are expected to provide equity contribution of 20 – 30%.

Benefits

  • Access to loans from 100,000.00 to 1,000,000.00.
  • Flexible repayment schedule with tenor of 6 – 24 months.
  • Opportunity to own your dream asset.

Qualifying Criteria

  • Individuals who have been in account relationship for 3 – 6 months.
  • Demonstrates ability to repay through regular cash flow.
  • Equity contribution of 20 – 30% depending on type of asset to be purchased.
  • Provision of two acceptable third party guarantors.

How to apply

  • Apply in writing for the loan
  • Complete loan application form
  • Submit proforma invoice from a reputable vendor.

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