Asset finance loan is a product designed to facilitate financing of both mobile and immobile assets. The assets financed by NRS Sacco include,

  • Motor vehicles
  • School buses
  • Land
  • Machinery

Features

New unit –Private vehicles

  • Financing of up to 70%
  • Repayment duration of up to 36 months.

New unit-Commercial vehicles

  • Financing up to 70%
  • Repayment duration of up to 36 months.

Construction equipment

  • Financing of up to 70% of unit cost
  • Repayment duration of up to 24 months

Benefits

  • Saves on business working capital
  • No additional security required

Requirements

  1. Must be an active member of NRS Sacco.
  2. Must have saves for at least 3 months.
  3. Submit a national ID copy.
  4. Submit 2 colored passports
  5. Comprehensive insurance
  6. Proforma invoice.