Assets Finance Loans

Assets Finance Loans

  • Category: Economy
  • Date: 30-07-2019

This is a facility to finace asset acquisition . The client should meet the below conditions of sanctions:

  • Pro-forma invoice to be availed from the vendor.
  • Collateral based loans with a 50% margin in value.
  • All motor vehicles must be comprehensively insured.
  • Abiity to pay must be demonstrated bythe cash flows of the borrower.
  • Valuation must be dome and the motor vehicle fitted with tracking device.
  • The age of the motor vehicle fishould not be more than 15 years of age.
  • The interest rate is 6% p.m and 8% p.m for repeat borrowers and fisrt time borrowers resoectively.
  • The repayment period shold not exceed  twelve (12) months.
  • The disbursement is done to the vendor directly.
  • Finane 70% of forced value.

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