Asset Finance Loans

An ideal facility when you need to acquire high value assets like motor vehicles, machinery or specialist equipment.

Requirements
  • 6 months active account.
  • Quotation of the asset from the supplier.
  • copy of latest audited accounts.
  • Management accounts for the currentfinancial year,
  • Cash flow projections for the next 12 months.
Purpose
  • Purchase of assets like vehicles, computers,machinery, etc.
Interest rate
  • Base Rate + Risk-Based margin
Term
  • Up to 60 months for brand new assets.
  • Up to 36 months for second hand assets.
Characteristics
  • ¬†Flexible facility structure
Security
  • Normally the asset being purchased: but sometimes we requireadditional security e.g. residential property covering not less than 50% of the facility.
Benefits
  • You obtain the use of an asset even without acquiring it.
  • You conserve capital that would have been tied in an asset if bought on cash
  • A flexible repayment structure that is convenient to your cash flow pattern