BARODA ASSET FINANCE SCHEME

 

PRODUCT

Hassle free loan for purchasing of new vehicle for road transport

 

ELIGIBILITY

 

Individual proprietorship & partnership firms, private limited companies and registered society engaged in trading / manufacturing business.

 

Loan Amount:

Maximum Kshs.5million (per vehicle)

Margin: 20% (minimum)

  • Rate of Interest CBR+4%

 

PERIOD

Maximum: 60 monthly installment + interest as

applicable commencing from next month after disbursement.

 

RATE OF INTEREST

Linked with KBRR

 

OTHER FEATURES

  • Simplified loan processing
  • No pre-payment charge.
  • No documentation charges