Member for

4 years 6 months
product term

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.

  • 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
product type