Asset finance loan

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Advance/Loan Type

Product  Finance loan

Requirements

  1. The member shall be required to sign a formal agreement by way of instrument of charge, thereby giving the society first lien on the subject asset.
  2. A member shall not dispose of the product under an instrument of charge unless written consent granted by the society.
  3. Member must complete the loan application form.
  4. must have good credit rating with CRB.
  5. Repayable in 36 months

Asset Finance loan

Requirements

  1. The asset must be comprehensively insured and if movable property, be put on a tracking device at applicant cost.
  2. The asset must be presented in the office for physical inspection or at the approved Sacco agent.
  3. Anti-theft devices are to be installed.
  4. The member shall be required to sign a formal agreement by way of instrument of charge, thereby giving the society first lien on the subject asset.
  5. A member shall not dispose of the asset under an instrument of charge unless written consent granted by the society.
  6. Member must complete the loan application form.
  7. must have good credit rating with CRB.
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