Asset Finance
This is a product that is designed to enable individuals to acquire a motor vehicle while using the same asset as security for the financing. Bank of Africa will help you to acquire the vehicle by financing whole or part of the cost.
Benefits:
- Competitive interest rates
- Flexible interest installments matched to your income
- Quick processing and disbursement within one week after all requirements are received
Bank of Africa will scale up your status and business by enabling you acquire new and used movable assets at the best negotiated rates. Our desire is to see you achieve your ambitions.
Variety made closer with BOA Asset Finance, assures our customers that we are there to walk the journey with them. We not only offer them a wide selection of options, but guarantee that we will bring their dreams closer by having a fast turn around time. And on top of it all Loan amount, Processing fee, life and comprehensive insurance to be financed as one loan
We have partnered with the following car dealerships to enable you achieve this:
| Toyota Kenya |  |
| Toyotsu Auto mart Kenya |  |
| CMC Motors |  |
| Simba Corporation |  |
| Windsor motors |  |
| A Plus motors |  |
| Karen Auto motors |  |
| Gigi motors |  |
| Silverline Motors LTD |  |
- 90% financing for new
- vehicles.
- 85% financing for second hand vehicles
- Tenure of up to 60 months
- 2%processing fee
- Minimum 12.5%interest rate
- Approval in 48 hours
What you will need
- National Identity card
- KRA PIN Certificate
- Individual insurance form
- 3 latest pay slips original and stamped
- 6 month’s salary account statemernt-certified
- Letter of employment
- Letter of undertaking if the client is changing salary paypoint to BOA Kenya.
- Proforma invoice/Sale agreement
- Logbook copy/import document
- National Identity card
- KRA PIN Certificate
- Individual insurance form
- Registration certificate (if it is a sole proprietorship)
- 12 month’s account statement certified
- Copies of current contracts
- Proforma invoice/Sale agreement
- Logbook copy/import document
- Detailed company profile
- Business permit
- National Identity cards of the directors
- Certificate of incorporation
- Individual insurance form
- Application letter on company’s letter head and sealed/ stamped
- CR 12- latest/ KRA retum receipt; to show the current shareholders
- Company profile
- Audited financial statements for the last 3 years for loans above KES 3 million and management accounts
- KRA PIN Certificate of the directors
- KRA PIN Certificate of the company
- Memorandum and articles
- Latest 12 month’s account statement-certified
- Copies of current contracts
- Proforma invoice
- Logbook copy/import document
- Statements of existing loans
- Business permit
Interested? Talk to us