I&M Bank Asset Finance is for individuals or companies who want to buy vehicles or machinery for personal or commercial use.

Asset Finance

I&M Bank Asset Finance is for individuals or companies who want to buy vehicles or machinery for personal or commercial use.

The financing covers new and used vehicles and equipment, local or imported.

With I&M Asset Finance, you are assured of:

  • Simple application process
  • Reasonable costs
  • Tax benefits
  • Personalised relationship
  • Quick loan processing
  • Partnership with leading motor vehicle dealers.

Financing is available for;

  • Saloon cars
  • Commercial vehicles
  • Trailers
  • Equipment’s
  • Tractors
  • School buses
  • Earth movers/construction equipment
  • Motor cycles

Requirements for Asset Finance

SME’s & Corporates
·         Duly completed Asset finance Application Form.

·         Proforma Invoice from the Dealer/Vendor

·         Company PIN Certificate

·         Certificate of Incorporation

·         Memorandum & Articles of Association

·         Latest 6 month bank statements (* 12 months if business is seasonal in nature)

·         Copies of contract where asset sought is to meet contractual requirements

·         Latest 3 year audited accounts, annual returns and cash flow projections

·         Company / Business profile.

Financing structure

Asset Type Financing (%) Loan Tenure (Months)
New Commercial Trucks / Pick ups 80 48
Used Commercial Trucks / Pick ups 70 36
Prime Movers / Heavy commercial Trucks 80 60
Earth Movers / Construction Equipment 80 48
New Equipment 80 48
Used Equipment 70 36
New Tractors 70 36
New School Buses 80 60
New Motor Cycles (Fleets) 80 36

 

For enquiries and advise on asset finance, contact us on Hire.Purchase@imbank.co.ke

Interested in Asset Finance?
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