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
- Two Guarantors.
- Must be an existing client unless in exceptional cases.
- Passport photograph of beneficiary
- Passport photograph of guarantors.
- Upfront saving and registration.
- Contribution base on the type of asset.
- Interest is based on duration of loan and type of asset.
- Photocopy of identification card of guarantors.
- Processing fees.
Mode of Payment
- Weekly
- 5 months or 10 months
