MSE Asset Financing
Overview
Is a financing solution extended to MSE customers to finance acquisition of motorcycles, three wheelers and other business vehicles. It involves a set of property relations, where one party (Lessor -Bank) provides assets for use by another party (lessee- Customer) for a definite period and in return for periodic payments. The assets are registered in joint names with the bank and repayment is amortized over a fixed period that is agreed in advance.
Is a financing solution extended to MSE customers to finance acquisition of motorcycles, three wheelers and other business vehicles. It involves a set of property relations, where one party (Lessor -Bank) provides assets for use by another party (lessee- Customer) for a definite period and in return for periodic payments. The assets are registered in joint names with the bank and repayment is amortized over a fixed period that is agreed in advance.
Loan amount up to TZS 20 million.
Competitive interest rates and affordable terms.
Flexible repayment terms i.e. weekly and monthly.
Granted grace period up to six months.
Offers option to raise capital through acquisition of working asset with optimal resource allocations.
Matched Maturity as structuring of repayment is done such that loan term is within asset recommended useful life.
Insurance premium financing for the asset financed.
Customers with established businesses
Willing to contribute to the cost of asset acquisition as required.
Applicants must open or have a CRDB Business Account i.e. Hodari Account.
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