Asset Finance

Purpose-built for the acquisition of land, motor vehicles, and motorbikes.

LAND

• The interest rate is 1% per month on a fixed balance.
• The loan is repayable within 5 years.
• The asset being acquired is the loan’s security.
• Valuation report required during loan application appraisal.

MOTOR VEHICLE

The Sacco finances 70% of the motor vehicle’s value and the applicant finances the remaining 30% for new vehicles.

The Sacco finances 60% of the motor vehicle’s value and the applicant finances the remaining 40% for second-hand vehicles.

The interest rate is 1% per month on a fixed balance.

The loan is repayable within 5 years.

The asset being acquired is the loan’s security.

The motor vehicle should have a comprehensive insurance cover.

An approved car tracking device should be installed in the motor vehicle.

MOTOR BIKE

The Sacco finances 70% of the motor bike’s  value. The applicant finances the remaining 30%.

The interest rate is 1% per month on a fixed balance.

The loan is repayable within 12 months.

The asset being acquired is the loan’s security.

The motor bike should have a comprehensive insurance cover.

An approved bike tracking device should be installed in the motor bike.