Asset Finance Loan

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We Save Everyday, Invest Wisely & Repay As Soon As Possible.

Asset Finance Loan

This loan product is meant to finance the acquisition of a brand new bus from Isuzu East Africa.
The Sacco organizes for financing which requires the member to put down a deposit down-payment & the balance is financed in full.

The member is required to raise up to 45 % of the value of the vehicle.

To qualify for this loan, a registered member must have saved a minimum of Kshs 90,000 within a period of six(6) months prior to applying for the loan.

This is equivalent to Kshs 15,000 monthly or Kshs 500 daily.
The Asset Finance Loan also attracts a 0.5 % Appraisal Fee with a minimum value set at Kshs 500.

BENEFITS

• Maximum Repayment Period Of 48 Months
• Maximum limit for the loan is Kshs 5,000,000
• Interest is charged at 1 % on Reducing Balance