Asset Finance loans

This is a short to medium term loan granted to customers for purchase of moveable capital assets, mainly motor vehicles, construction equipment, industrial plant and machinery, agricultural equipment, office & IT based equipment and specialized equipment.
 

Benefits/Features

Eligibility

Pricing

Minimum loan amount of Tshs. 6,000,000 and maximum depends on ability to repay

Should be an account holder with Equity Bank for at least 6 months

New vehicles - 10% flat

Maximum repayment period of 36 months

Fleet owners

Used Vehicles - 12% flat below 8 years

Flexible repayment period

Salaried employees

LACE - 2%

 

Asset being financed is the security

Registered  business

 

The facility is self-liquidating

Permanent business locations

 

Minimum owners' contribution of 30%

Reliable cash flow

 

 

Asset Finance for Schools

This is a short to medium term loan granted to schools for the purchase of school buses, vans and generators.
 

Benefits/Features

Eligibility

Pricing

Minimum loan amount of Tshs. 6,000,000 and maximum depends on ability to repay

Should be an account holder with Equity Bank for at least 6 months

New vehicles - 10% flat

Maximum repayment period of 48 months

School owners

Used Vehicles - 12% flat below 8 years

Flexible repayment period

Salaried employees

LACE - 2%

 

Asset being financed is the security

Registered  business

 

The facility is self-liquidating

School fees must be paid through the bank

 

Minimum owners' contribution of 30%.

Reliable cash flow

 

 


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