- The facility is aimed at addressing asset acquisition needs of the business.
- These include both commercial and personal use motor vehicles, construction equipment and heavy duty plant machinery.
Target Customer & Purpose
Motor vehicles
- Financing upto 70% for used vehicles below eight (8) years
- Upto 90% financing for zero mileage vehicles
- Financing up to 100% for school buses
Benefits
Machinery
- Upto 70% financing
Benefits
- Affordable interest rates
- Approvals within 48hrs
- Wide range of acceptable vehicle models
Features
- Open Caritas MFB account
- National ID/Valid Passport
- KRA PIN Certificate
- Duly filled loan application form
- Six (6) months bank statement
- Proforma invoice/ Executed sale agreement
- Valuation report
Requirements