Frequently Asked Questions

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What security should one provide to secure an Asset Finance Facility?

The primary security for Asset Finance is the asset that is financed for which we provide up to 100% depending on the age and type of the asset.

Does the Bank give the customer cash to purchase the asset?

No, the Asset Finance facility proceeds are paid directly to the supplier’s account.

What happens if the customer cannot afford to pay for comprehensive Insurance?

The bank can grant the customer an Insurance Premium Finance (IPF) facility to cater for the upfront Insurance premium payment at very attractive interest rates.

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