Asset Financing Loan
ASSET FINANCING LOAN
Provided to individuals or businesses to purchase physical assets such as equipment. The asset being financed usually serves as the collateral for the loan.
Loan amounts upto MWK 10,000,000.
The repayment term is 1 to 3 years, with further adjustments underway.
Requirements
- Own contribution at least 20% of the cost of the asset.
Benefits
- APTL Microcredit Ltd contributes up to 80% of the Assets cost thereby making it easy for clients to acquire assets.
- The asset bought forms part of the security required.
- Quick processing and disbursement
- Available to both existing and new clients.
- The asset bought is able to supplement your income or save client an expense, hence increasing growth of revenues.
- Clients are insured against death and disability
- APTL Microcredit Ltd can finance assets of low cost which enable low income earners to access such assets.
- The loan can be taken alongside another loan type.
Frequently Asked Questions
How long does approval take?
Approval typically takes 2-3 working days once all documents are submitted.