ASSET FINANCE – BEBA LEO
Beba Leo is a vehicle financing scheme by DTB that enables SME’s to acquire brand new vehicles for either business or family use.
Under the Beba Leo scheme, SME clients can buy brand new vehicles as per below pre approved brands with 100% financing from DTB.
Account Overview
Beba Leo is a vehicle financing scheme by DTB that enables SME’s to acquire brand new vehicles for either business or family use.
Under the Beba Leo scheme, SME clients can buy brand new vehicles as per below pre approved brands with 100% financing from DTB.
What You Need to Open an Account
The requirements are as follows:
Registration form duly completed
National identity card / passport – original and copy
KRA Pin certificate
3 month’s payslip (if employed)
Latest 6 months bank statements
Certificate of registration (if proprietor or partnership)
Copy of log book, if vehicle is used
Valuation report from authorized valuer, in case of used vehicle
Latest audited for accounts and annual returns (for companies)
Copies of Memorandum and articles of association (for companies)
Certificate of incorporation (for companies)
Board resolution authorizing the borrowing (for companies)
Account Features
Access a comprehensive suite of banking services and tools:
Currency: LCY
Loan Period: Maximum of 48 months
Interest rate: At prevailing market rate
Fees: Appraisal Fee 2% on the loan amount
1% on the anniversary of the loan
Model Mercedes, Mistubishi, Toyota, Hino, Isuzu, Tata, Ford, Mazada, Nissan, VW,Hyundai,
Volvo, FAW, Foton, Sino Truck, Renault, Ashok Leyland, Man Track, Mahindra.
Value Addition: Credit Card - Ksh 300,000
Other Terms and Conditions
Joint registration receipt
Three Bank transfer forms
Comprehensive insurance cover for 1 year
Directors Joint Several and Personal guarantee and indemnity
Right of Set Off fitted
All financed vehicles to be fitted with a satellite tracking device from panel of service providers approved by MCC
Certificate confirming fitting of satellite tracking device to be obtained from service providers
