Objective

The purpose of this product is to finance the acquisition of equipment for new or existing SMME’s embarking on projects with a positive development impact.

Term of loan

The loan term is dependent on the productive life span of the asset financed up to a maximum term of 10 years.

Repayment period

The repayment period is monthly.

Security

Security for this Finance Package may be structured either in the form of a Suspense Sale Agreement or through a Notarial Bond on both new and used equipment.