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Progress at times requires a little boost.
Our lending solutions could help you get there
Know about Asset Finance
Asset Finance
Gain access to resources for the acquisition of moveable and identifiable assets to improve your production capacity.
Improving production capacity of your business requires acquisition of assets. The upfront investment required may at times be beyond your reach.
With Credit Bank’s Asset Financing, you gain access to resources for the acquisition of moveable and identifiable assets. Some of these assets include saloon cars, commercial vehicles, trailers, agricultural equipment (e.g. tractors), office equipment, industrial equipment and contractor specialized equipment.
The asset being financed must not be more than 8 years old and you access up to 80% of the value of the asset. For specialized equipment-bank finances up to 50% of the value of asset .
The applicable rate is on reducing balance.
Your Asset Finance Benefits
Achieve more with your Asset Finance
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Flexible Payment Period
Get repayment periods that match your needs, up to a maximum of 60 months (5 years).
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Quick Access to Funds
Less than 48 hrs. approval
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Get a quick decision
If you've got a Credit Bank current account you can get an instant credit decision, while non-Credit Bank current account customers should get a credit decision in 2 to 5 working days.
Eligibility To
Get Asset Finance
Eligibility parameters for Asset Finance
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1
Nationality
Kenyan Citizens and Foreigners.
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2
Age
18 Years old or above
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3
Residence
Proof of Residence (utility bill or lease agreement)
00
kAsset Financed
in the last year
Asset Finance Required Documents
Basic documents required to get Asset Finance
Color & Passport Size
Photographs
Duly Filled Application Form
Kenyan Citizens
One month statement from your current bank
Proof of Residence
Questions & Answers
Find answers to all your queries about our service.
Help You to Find
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What do you need to qualify for Asset Finance?
Here’s what we consider when you apply for a loan – whether your income is high enough to make the payments, your credit score, and how long you’ve banked with us. You also need to have a current account with us, live in Kenya and be 18 or over.
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Can you pay off early?
You can pay off your Asset Finance early – if you do this, you’ll pay the outstanding balance, as well as any other interest that’s due.
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What happens if I’m late with my loan repayments?
f you fall behind on your payments, we’ll charge you fees for late payments. This could also impact your credit score. Give us a call if you’re having trouble making your repayments
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What can’t you use your loan for?
We don’t offer Asset Finance for a number of purposes including: Gambling Sharedealing
Need more answers, contact us.
