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Asset Financing Loan

Product Description

Members involved in diverse business ventures which includes specialized machinery, Boda Boda, Office, Gym and laboratory equipment can now purchase the equipment through Co-ownership of the Sacco

Product Features

  • Loan issued 3 times deposits
  • Repayment- 48 months
  • Interest rate- 1% p.m on reducing balance
  • Original logbook act as security
  • Financing between Ksh.100,000 – Ksh 5,000,000.
  • Age Limit of vehicle 9 years & should only be for private use
  • Sacco finances up 80% of Valuation
  • Must be Comprehensive Insurance through appointed Insurance Agent by the Sacco
  • Valuation report, Transfer or Importation documentation to be attached

Disbursed within a month