Asset Finance

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Bank of Africa will scale up your business and yourself by enabling you acquire new and used movable assets at the best negotiated rates.
We have partnered with the following car dealerships to enable you achieve this:

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

  • 95% financing for new vehicles.
  • A two months moratorium
  • 85% financing for second hand vehicles
  • And a working capital of Kes. 300,000 for Simba corporation

What you will need

Individual Salaried Customer
  • ID
  • 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
  • Proof of residence e.g, water/elecricty bill, lease agreement etc
  • Proforma invoice/Sale agreement
  • Logbook copy/import document
Individual Business / Sole proprietorship
  • ID
  • KRA PIN Certificate
  • Individual insurance form
  • Registration certificate (if it is a sole proprietorship)
  • 12 month’s account statement certified
  • Copies of current contracts
  • Proof of residence e.g water/electricity bill, lease agreement etc
  • Proforma invoice/Sale agreement
  • Logbook copy/import document
Limited Company / Limited Partnership
  • ID 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
  • Proof of residence of the directors e.g water/electricty bill, lease agreement e.t.c
  • Proforma invoice
  • Logbook copy/import document

Interested? Talk to us
Apply Now

Bank Through Conversations

Begin Chat