This is a type of loan where assets and equipment needed for the smooth operation of the business are financed by the bank, while the customer ensures payment of the assets based on the terms of the agreement.
Features & Benefits
- 24-hour turnaround time
- Accessibility to acquire fixed assets needed for the business
- Flexible interest rates and payment plan
- 6 months tenor
Requirements
- Completed application form
- Customer must have an active account with the Bank
- Pro-forma invoice from the asset vendor
- Undated cheques covering the loan period