This is a cash flow based loan which can be used to cater for short term needs which may include; School fees, Medical, Business, home improvement, asset Acquisition among others.
Requirements for Asset Loan product
- Business must be in existence for more than 12 months and 6 months in the same location.
- Bank statement for 6 months.
- Client Identification(Passport,Driver’s license,Voter’s card etc
- Trading License
- Business records like Receipts, Sales Book or contracts.
- Must have a Motor as collateral.
- Valuation of motor vehicle.
- Two credible guarantors plus signed photocopies of their identifications.
- Employment contract
- Three recent pay slips
