Asset Finance Loan

This is a loan granted to finance the acquisition of tangible assets such as motor vehicles, equipment and land/property.

• The maximum loan amount granted is Kshs. 10 million.
• Repayment period is a maximum of 84 months for immovable assets and 48 months for movable assets.
• This loan is subject to 3 times one’s deposits.
• Interest is charged on reducing balance method at 1.21% per month.
• A one-off 2% administration fee is charged on the amount approved.
• The loan can be secured by the subject asset up to 80% of the mortgage value for immovable assets and
• 70% of the forced sale value for movable assets.
• Net loan proceeds are paid to the seller of the asset.