SME Vehicle &
Asset Based Finance
The aim of Asset Based finance is to enable you to obtain use of an asset while repaying the amount borrowed over an agreed period of time. ABF facilities are beneficial for acquiring trucks, buses, commercial vehicles, pool cars or other assets such as agricultural machinery, construction yellow metals, manufacturing equipment, etc., intended for growing your business.
Key Features & Benefits
- Ownership of the asset usually vests in the bank until the borrower repays the amount in full, and once fully repaid, the ownership is transferred to the borrower
- Frees off cash flows to be used for other operational expenses
- Affordability in acquiring capital intensive assets
- No security needed. Asset financed becomes the security
- Flexible Repayment period of 12-60 months
Locate a Branch
Find your preferred Branch easily. Just enter your location and we will show you the nearest outlet!
Plan your repayments
Loan Calculator
Min 500,000 · Max 250,000,000
Indicative; the actual rate depends on your credit assessment.
Term used in calculation: 12 months
Total Payment
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- Total Interest Payable
- 702,652
- Monthly Installment
- 475,221
- Term
- 12 months
Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.