Leasing
Leasing is another way through which businesses and individuals can acquire assets. Talk to us and find out how we can partner with you to facilitate your lease financing.
Account Overview
Leasing is another way through which businesses and individuals can acquire assets. Talk to us and find out how we can partner with you to facilitate your lease financing.
Account Features
Access a comprehensive suite of banking services and tools:
Purpose - asset acquisition through operating lease
Maximum leasing period:
forty-eight months (vehicles)
twenty-four months (IT equipment)
Maximum approval amount - Kshs. 100million per customer
Currency - LCY and FCY
Interest rate - CBR + 4% (LCY)
Tenor - twenty-four to forty-eight months
Appraisal fee - 2%
Security:
Master facility agreement incorporating the supplier, lessee and the bank stipulating terms & conditions of the lease
Lessees open a receivable account with us against which our lien is registered
Executed service and maintenance contract between the supplier and lessee
Landlord waiver of any interest whatsoever over the assets under leasing if any
Comprehensive insurance cover over assets under leasing with the bank's interest noted
Joint, several and personal guarantees of directors of the leasing company
Sale and cession agreements
