Equity Bank offer asset finance loans to customers to facilitate the purchase of business or personal assets such as motor vehicles, machinery and equipment.
Asset Finance by Equity Bank Features
1. Loan amount is based on the customer’s ability to pay.
2. Loan Period is up to 60 months (5 years) for second hand vehicles and up to 120 months (10 years) for brand new vehicles.
3. Financing Margin – up to 100% financing.
What you require to sign up
1. Three original latest payslips
2. 2 Copies of the ID & PIN certificate
3. An Introduction/Appointment/Confirmation letter from the employer
4. Duly signed authorization forms
5. Duly completed loan application and appraisal form
6. Pro forma Invoice / Sale Agreement
7. Valuation Report
8. Original Log Book
Why you should sign up for this product
1. Equity must have an existing MOU with the customer’s employer.
2. Salary is not a prerequisite for some employers.
3. Must have the ability to pay.
4. Ability to effect loan deductions on check-off.
Asset Finance by Equity Bank Features
1. Loan amount is based on the customer’s ability to pay.
2. Loan Period is up to 60 months (5 years) for second hand vehicles and up to 120 months (10 years) for brand new vehicles.
3. Financing Margin – up to 100% financing.
What you require to sign up
1. Three original latest payslips
2. 2 Copies of the ID & PIN certificate
3. An Introduction/Appointment/Confirmation letter from the employer
4. Duly signed authorization forms
5. Duly completed loan application and appraisal form
6. Pro forma Invoice / Sale Agreement
7. Valuation Report
8. Original Log Book
Why you should sign up for this product
1. Equity must have an existing MOU with the customer’s employer.
2. Salary is not a prerequisite for some employers.
3. Must have the ability to pay.
4. Ability to effect loan deductions on check-off.
