ASSET FINANCE /HIRE PURCHASE

ASSET FINANCE /HIRE PURCHASe

Grow your assets, grow your business

Features

  • Purpose of loan: Alternative form of secured lending that enables businesses to acquire moveable & identi able assets, plant/ machinery assets that offer exible nancing options i.e. Hire Purchase, Insurance Premium Finance, Import Financing.
  • Loan amount subject to LTV (Loan To Value) as per credit policy with serviceability demonstrated from existing and projected income streams.
  • Repayment capacity assessed on existing business cash ow and cash ow projections.
  • Security by way of rst legal charge on asset being nanced and/or another property.
  • Charges as per tariff.

Benefits

  • Competitive pricing on a wide range of movable assets
  • Flexible nancing options i.e. HP, IPF
  • High nancing limits with regards to LTV rates.
  • Customer can have more than one asset facility provided their nancials can support
  • Payments in convenient installments
  • Insurance Premium Financing for assets purchased
  • Customer assumes immediate possession and use of asset