Asset Financing

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Available to all Sacco members and tailor made to empower our members to acquire assets both the movable and immovable assets.

Features

– Member to raise 35% the value of the asset in form of non-withdrawable deposits, loan is up to 100% of the total purchase price of the asset.

-The loan can be used to acquire both the movable and immovable assets. (Motor vehicle, Land,Building machineries etc.)

-Maximum repayment period of up to 60 months.

-Interest rate is at 1.1% pm reducing balance.

-The asset to be acquired acts as the security i.e. Title deed, (Lands and Buildings) logbook.

-The motor vehicle should not be more than 8 years of age from the date of manufacture.

-The acquired asset shall undergo the process of surety accomplishment