Loan / other Asset Acquisation Loan for Non-business
New and existing Finance Trust Bank customers, individuals and organizations, who wish to access financing for movable income-generating assets valued at 3 million shillings and above.
Enabling Finance Trust Bank customers to acquire movable income-generating assets valued at affordable interest rates.
- The asset should clearly be identifiable, movable, durable and insurable e.g. Vehicles/Motorcycles – Commercial only
- Plant and machinery - manufacturing, processing plants, etc.
- Equipment - printing machines, factory plants, office equipment, professional equipment etc.
- Yellow metal-bulldozers, front and loaders, graders, etc.
- Saving or Current account with Finance Trust Bank
- Clearly identifiable source of additional regular income
- Proforma Invoice for the Asset from prequalified suppliers
- The applicant must contribute at least 30% of the asset value or provide additional collateral worth 30% of the asset value.
- Good loan history for the case of existing borrowers
- The asset must be purchased from Finance Trust Bank prequalified suppliers.
- The asset must be comprehensively insured renewable annually,