Asset Finance

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This is a product that is designed to enable individuals to acquire a motor vehicle while using the same asset as security for the financing. Bank of Africa will help you to acquire the vehicle by financing whole or part of the cost.

Benefits:

  • Competitive interest rates
  • Flexible interest installments matched to your income
  • Quick processing and disbursement within one week after all requirements are received

Bank of Africa will scale up your status and business by enabling you acquire new and used movable assets at the best negotiated rates. Our desire is to see you achieve your ambitions.

Variety made closer with BOA Asset Finance, assures our customers that we are there to walk the journey with them. We not only offer them a wide selection of options, but guarantee that we will bring their dreams closer by having a fast turn around time. And on top of it all Loan amount, Processing fee, life and comprehensive insurance to be financed as one loan

We have partnered with the following car dealerships to enable you achieve this:

Toyota Kenya
Toyotsu Auto mart Kenya
CMC Motors
Simba Corporation
Windsor motors
A Plus motors
Karen Auto motors
Gigi motors
Silverline Motors LTD

 

  • 90% financing for new
  • vehicles.
  • 85% financing for second hand vehicles
  • Tenure of up to 60 months
  • ZERO processing fee
  • Minimum 13%interest rate
  • Approval in 48 hours

What you will need

Individual Salaried Customer
  • National Identity card
  • KRA PIN Certificate
  • Individual insurance form
  • 3 latest pay slips original and stamped
  • 6 month’s salary account statemernt-certified
  • Letter of employment
  • Letter of undertaking if the client is changing salary paypoint to BOA Kenya.
  • Proforma invoice/Sale agreement
  • Logbook copy/import document
Individual Business / Sole proprietorship
  • National Identity card
  • KRA PIN Certificate
  • Individual insurance form
  • Registration certificate (if it is a sole proprietorship)
  • 12 month’s account statement certified
  • Copies of current contracts
  • Proforma invoice/Sale agreement
  • Logbook copy/import document
  • Detailed company profile
  • Business permit
Limited Company / Limited Partnership
  • National Identity cards of the directors
  • Certificate of incorporation
  • Individual insurance form
  • Application letter on company’s letter head and sealed/ stamped
  • CR 12- latest/ KRA retum receipt; to show the current shareholders
  • Company profile
  • Audited financial statements for the last 3 years for loans above KES 3 million and management accounts
  • KRA PIN Certificate of the directors
  • KRA PIN Certificate of the company
  • Memorandum and articles
  • Latest 12 month’s account statement-certified
  • Copies of current contracts
  • Proforma invoice
  • Logbook copy/import document
  • Statements of existing loans
  • Business permit

Interested? Talk to usApply Now

 

Bank Through Conversations

Begin Chat