Asset finance (HP) is a product designed to facilitate financing of movable assets . This include motor vehicles, school buses, construction equipment, industrial equipment etc. with a minimum finance amount of Kes 300,000
Commitment/appraisal fees- 1.0% for new units and 2.0% for used units plus excise duty.This is charged as a percentage of the financed amount.
Rate of interest is 4.0% above the central bank rate (CBR)
New units: private vehicles
New units: commercial vehicles