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.
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