This facility enables clients to acquire tangible assets like vehicles, machinery furniture and fittings, electronics and other assets for business or personal use. This loan ranges from Ksh 50, 000 – Ksh 10 million, with the same financed asset as Security/Collateral and is processed within 48 hours.

Benefits of Asset Finance

  • Competitive interest rates.
  • Flexible repayment arrangements.
  • No penalty for early repayments.
  • Repayment period of up to 48 months.
  • Up to 90% financing for new vehicles and 70% financing for second hand vehicles

Requirements

  • 6 months certified bank statement
  • Licenses and necessary permits
  • Sale agreement with the vendor and 30% deposit in customer’s Nalani Capital  account
  • Business Registration Certificates where applicable
  • Sketch Map Area of Residence and business premises
  • ID and PIN copies of individual/business owners /Company directors
  • Copy of company pin and Certificate of Registration for companies
  • Copy of VAT certificate where applicable
  • Resolution to borrow for partnerships and companies
  • Memorandum and Articles of Association for companies.
  • Current tax and company returns
  • Copy of utility bills i.e. water and or electricity
  • Evidence of business i.e. contracts, receipts of business transactions etc.
  • 2 passport size photos
  • Vehicle to be fitted with anti-theft device
  • Pro forma invoice from dealer/vendor