CenteAgricultural Farm Equipment Lease
Product Features
- Interest rate and other charges as per reining regimes for CenteLease.
- Lease amount of up to a maximum of UShs. 1 billion.
- Flexible lease period of up to a maximum of 5 years.
- Mode of rental repayments based on the net cash surplus from business.
Benefits
- No security required - equipment leased is security.
- Faster lease processing speed.
- Attractive interest.
- Grace periods offered on a case-by-case basis.
- No penalty for early repayment of rentals.
- No VAT on lease rentals.
Requirements
- Current or Savings Bank account.
- Completed loan application form.
- Payment of loan processing fees rate of 2%.
- Clients of consent age engaged in agriculture.
- Cash contribution equivalent to 20% to 50% depending on nature of asset.
- Chattel mortgage on equipment leased with insurance cover.