Requirements — Asset Lease Finance

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IDCE Asset Lease

Suitable for the manufacturing, logistics and transportation sectors in the procurement of

  • trucks,
  • machinery and ;
  • equipment.

This loan will enable your business to increase production, meet its demand and undertake its core business through the purchase of equipment, machinery, trucks, buses, mini buses e.t.c

Minimum: E 500 00.00

Repayment Period: 3 - 5 years

Security: should cover 100% of the debt

Promoter’s Contribution: 20% of the debt

  • Memorandum of association
  • Certificate of incorporation
  • Form J
  • Form C
  • Tax clearance certificate
  • Trading license
  • A business plan, an application letter and cash projection.
  • A contract document, a purchase order and letter of intent
  • A shareholders resolution to borrow
  • A contractor’s confirmation of contract
  • Company address, bankers, auditors and authorized signatories
  • Identity documents of shareholders and directors
  • Passport sized photos
  • Personal balance sheets of shareholders and directors
  • CV’s of shareholders and directors
  • Contact numbers and addresses of shareholders and directors

In addition to the documents listed in the general requirements, the following should also be attached:

  • 3 quotations
  • Asset model for new assets only
  • Supplier addresses and contact numbers
  • Insurance quote from AON brokers, Lidwala and ESRIC
  • Quote for tracking device
  • Bank statement showing proof of 20% contribution
  • Tax invoice with serial engine numbers
  • Application fee

Download Requirements (PDF, 142kB)  

Download KYC Form (PDF, 280kB)  

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