Equipment or Business Vehicle Loan
Purchase that equipment that will power your business to the next level, with our Equipment or Business Vehicle Loan. An Equipment or Business Vehicle loan is a fixed contract with the customer to enable them financing the acquisition of equipment or a vehicle.The equipment or vehicle may be purchased for business and personal use (for sole proprietorships and partnerships).
Features
- Repayment spread over an extended period, and matching the lifespan of the asset financed or cash-flow providing repayment
- Medium to long term financing with tenure over 12 months and not exceeding 4 years for second hand vehicles and 5 years for brand new vehicles and all equipment.
Basic Application Requirements
- Copy of the statutory documents (Statutes/Memorandum of Association and Articles
- of Association, Certificate of registration or a copy of identity card for individuals)
- Financial statements for 3 consecutive years (Balance sheet & Income statement) if
- it has been in operation. For the start ups we require opening balance sheet and
- provisional income statement.
- Cash flow projections for the period of the facility.
- Tax clearance certificate from the RRA no more than three months old
- Pro forma invoice for new vehicle/proposed equipments
- Provisional contract of sale and copy of the vehicle certificate for second hand items.
- Proposed security and its valuation report.
For detailed information, visit our nearest Branch or contact:
Jeanne Gasengayire
Tel: + 250788 30 28 86
Callixte NYILINDEKWE
Tel: + 250788 30 42 27
Maurice IYERA
Tel: + 250788 30 24 31
