SACCO ASSET FINANCING SCHEDULE-FINANCING OPTIONS. Members of mwalimu Sacco Asset Finance can now enjoy the following assets:
| ASSET TYPE | ASSET CONDITION | MEMBER TO FINANCE | MAX REPAYMENT PERIOD |
| Private/Saloon Cars | New | 20% | 5 yrs. |
| Used* | 30% | 4 yrs. | |
| Commercial Vehicles(Prime movers, trucks, pickups, Vans) | New | 20 % | 4 yrs. |
| Used | 30% | 4 yrs. | |
| School Buses | New | 15% | 4 yrs. |
| PSV Vehicles(Tour Vans, Taxis, Hires) | New | 30% | 3 yrs. |
| Used | 40% | 3 yrs. | |
| PSV Matatu and Buses | Used | 40% | 2 yrs. |
| New | 45% | 3 yrs. | |
| Motorbikes | New | 30% | 1 yr. |
| Trailers | New | 30% | 4 yrs. |
| Tractors and related agricultural implements | New Used | 30% | 4 yrs. |
| Office Equipment’s (Computers, Printers, Servers,) | New | 40% | 3 yrs. |
| Industrial Equipment (Plant and Machinery) | New/Used | 40% | 3 yrs. |
| Contractor Equipment/ Earth | New | 30% | 4 yrs. |
| Movers | Used | 35% | 3 yrs. |
| Specialized Equipment’s – Medical, | New | 40% | |
| Lab | Used | 50% |
RELATED ARTICLES:
- Individuals
- Fill loan application form
- Copy of Identification document
- Copy of KRA PIN Certificate
- Pro forma invoice/sale agreement of asset being
- Six months Bank statement duly certified
SUPPORTING DOCUMENTS:
- Sales agreement/Proforma invoice for asset being
- Copy of Logbook for used
- Latest 3-month payslips
- Contracts being serviced if any for commercial
Other features:
- Insurance premiums financing shall be arranged through MNS Risk and Insurance Brokers
- Mwalimu Insurance Premium Financing Product Features
- Brand name
Mwalimu Insurance Premium Financing
- Loan to acquire Insurance Premiums for all needs and other fees g., Motorcycles, Motor car, Machineries, properties, domestic animals and business stock, crop, green house.
- Loan Term of Up to 10
- Flexible repayment
- Disbursement in cheque drawn in favor of the insurance
- Cover will be through MNS Risk and Insurance brokers
- Security –
- Asset documents lodged with the
- The comprehensive cover
- The borrower to meet 10% of the total premium before signing of the IPF application and agreement
- 2 Guarantors
- Confirmation of Asset bought or being insured
Price
- Interest rate at 10% flat rate
- Default Management:
* The cover is cancelled as soon as the insured does not respond to 1st notice within 30 days.
- Pricing as per the tariffs schedule
- READ MORE ON: 1. https://www.kenyaupdates.co.ke 2. https://mwalimunationalsacco.co.ke/asset finance
