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Acquire moveable long-term assets for your business. Through Asset Finance you can easily obtain machinery or vehicles to scale your operations.

Why choose the Asset Finance

Friendly interest rates in comparison to the market

Quick turnaround time from application to disbursement of funds.

Flexible tenure of up to 60 months for stress free repayment

Eligibility / Documents Required

Applicant to have a good credit rating with CRB
Sales agreement or Proforma invoice
Joint registration of the asset (car)
Valuation report for used vehicle
Bank statement for the preceding 6 months (12 months for unemployed clients)
Pay slips for the preceding 3 months

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Rates & Fees

Interest rate - Bank base rate + 4%p.a.
Base rate - 13% calculated on reducing balance.
Processing fees - 3%
Credit Life with retrenchment cover rider.

Get Financing for Your Business in Kenya with SBM Bank