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.
Terms & conditions of loan
- 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
How to apply
- Debtors Age Analysis.
- Projected cash flows.
- Submit audited financial statements.
- Debtors age analysis.
- Latest management accounts from the business.
Enter Amount you would like to borrow for the SME Vehicle & Asset Based Finance
MK 50k
MK 100MM
Loan
Borrowing MWK
For
Loan
SME Vehicle & Asset Based Finance
Cost/Monthly Payment
MK 0
Status
25%