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Asset finance (HP) is a product designed to facilitate financing of movable assets. The assets funded in Asset Finance include motor vehicles, school buses, construction equipment, industrial equipment etc. with a minimum finance amount of Kes 300,000.
Fees & Rates/Cost
These are the rates for business financing in Kenya: 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 in business asset financng is 4.0% above the central bank rate (CBR)
Features:
Benefits: