Asset financing is a type of loan that is secured by the value of your asset, which could be a car or land. This loan can be used for anything and is great for those looking to expand their business or get out of debt. Anyone who owns a personal, business, or passenger service vehicle can apply for our car asset financing.
To be eligible for asset finance, you must be a member of the Karura Community Sacco for at least three months. A member’s savings deposits can be accessed up to three times. On a reducing balance payable within a period of 24 months (equal to 2 years), the interest rate is 13% P.A.
The original logbook will serve as collateral for the loan. The maximum payback time for motor cars purchased prior to 2013 is two years, whereas the maximum repayment period for motor vehicles purchased after 2013 is three years.
When land is used as collateral for a loan, the original title document is used as collateral. The repayment duration is limited to three years when land is used as collateral. Look no further than the Karura community in Kenya when it comes to asset financing in Kenya. We emphasize our customers’ demands in times of need and deliver financial freedom in the form of quick, simple, and reasonable asset finance in Kenya.