ASSET FINANCE /HIRE PURCHASE

ASSET FINANCE /HIRE PURCHASe

Grow your assets, grow your business

Features

  • Purpose of loan: Alternative form of secured lending that enables businesses to acquire moveable & identifiable assets, plant/machinery assets that offer flexible financing options i.e. Hire Purchase, Insurance Premium Finance, Import Financing.
  • Loan amount subject to LTV (Loan To Value) as per credit policy with serviceability demonstrated from existing and projected income streams.
  • Repayment capacity assessed on existing business cash flow and cash flow projections.
  • Security by way of first legal charge on assest being financed and/or another property.
  • Charges as per tariff.

Benefits

  • Competitive pricing on a wide range of movable assets.
  • Flexible financing options i.e. HP, IPF.
  • High financing limits with regards to LTV rates.
  • Customer can have more than one asset facility provided their financials can support.
  • Payments in convenient installments.
  • Insurance Premium Financing for assets purchased.
  • Customer assumes immediate possesion and use of asset.