Asset Loan

This is a loan for the purchase of specific tangible assets on behalf of a client. However, even though the client takes possession of the asset purchased, our organisation maintains the claim of ownership of the asset until the payment of the last instalment. Thereafter, a legal change of ownership is done.

Requirements

  1. Two Guarantors.
  2. Must be an existing client unless in exceptional cases.
  3. Passport photograph of beneficiary
  4. Passport photograph of guarantors.
  5. Upfront saving and registration.
  6. Contribution base on the type of asset.
  7. Interest is based on duration of loan and type of asset.
  8. Photocopy of identification card of guarantors.
  9. Processing fees.

Mode of Payment

  1. Weekly
  2. 5 months or 10 months