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Asset finance is a type of financing by SBM Bank that allows businesses to obtain funds for acquiring assets such as machinery,
equipment, vehicles, or technology. The assets act as collateral for the loan making it a secured form of financing.

In asset finance, SBM Bank provides funding to a client to purchase asset. The asset is then used as collateral for the loan, reducing the
risk for SBM Bank. The client then makes regular payments, including interest, over a set period of time until loan is repaid in full.

Any good quality brand new or used assets including cars, trucks, buses, tractors, manufacturing equipment, printing machines, earth moving equipment, solar equipment, medical equipment, generators and many more.

● Individuals who can practically demonstrate a steady source of regular income.
● Properly established businesses, sole proprietors companies, partnerships, and investments clubs with steady cash flows to meet the installment payments.

The financed amounts for Asset Finance is 300k and for IPF is 50K

1. New motor vehicle Units and Machinery / Equipment – 72 months
2. New Units (School buses) – 84 months
3. Used Units (vehicles / buses / trucks / machinery or equipment) – 60 months

The customer uses the asset and keeps it in a good working condition.

Yes, one can have more than one asset financed provided they have adequate cash-flows to maintain the repayments.

Repayments are structured to match the cash-flow of your business for instance. Monthly, quarterly, termly, semiannually, and annually.

No, one does not have to be a customer to qualify for Asset Financing.