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Loan Type

KC Asset Finance

KC Asset Finance

This product is designed for individuals and corporate entities who are aiming to purchase tangible assets such as household equipment, factory and machinery equipment, and Motor Vehicles. This facility is backed up with the asset serving as the collateral and two (2) Guarantors.

Requirements for KC Asset Finance Loan:
  • Applicant to open an account with KC MFB
  • Applicants valid id card (nin/voters card/int’l passport/drivers license)
  • 4 passport photographs of applicant
  • Current utility bill of place of residence (within the last 3 months)
  • Spouse valid id card and passport photograph
  • Applicants bank statement of account (minimum of 6 months)
  • Duly filled loan application form
  • Undated cheque leaves of applicants and guarantor (s)
  • Minimum of 2 Guarantors required and to produce - (valid id card, house utility bill and passport photograph)
  • Board Resolution Letter (where applicant is a Limited liability company)
  • CAC Registration Documents (where applicant is a Limited liability company)
  • Any other relevant documents to support your application
  • Pro forma invoice on the asset in view to be financed from the intended seller of the asset.

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