SME Asset Financing
Overview
Is a financing solution extended to customers to finance investments in specific assets. 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 rental 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 customers to finance investments in specific assets. 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 rental 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 of up to TZS 5 billion or USD equivalent.
- Competitive interest rates and affordable terms.
- 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. CRDB Biashara Account.
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