Asset Financing Loan
The purpose of the product is to assist salaried workers and other self-employed clients with sturdy inflow of income to acquire some consumer items such as electrical appliances and gadgets which the beneficiaries could have found it impossible to acquire. Monthly deductions will be done on the beneficiaries’ accounts.Clients will have to pick proforma invoices from the equipment suppliers and furnish bank with same for credit approval.
A voucher is issued to client to pick up item from the supplier. The monthly repayments for deduction shall not exceed 40% of net salary. Target clientele: salary workers, unions/associations, sole proprietors, organizations/corporate bodies.
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