Asset Finance - Equity Bank

Q1: What is Asset Finance?
🔹 Asset Finance is a loan that allows your business to acquire capital assets — like vehicles, machinery, or equipment — without paying the full cost upfront. Equity Bank provides funding, and the asset itself can serve as collateral.

Q2: What kinds of assets can I finance?
🔹 We cover a wide range of business-critical assets including:
🚗 Motor vehicles
🏗️ Construction equipment
🏭 Industrial plant & machinery
🚜 Agricultural tools
💻 Office & IT equipment

Q3: How long do I have to repay the loan?
🔹 You can repay over a period of up to 5 years, depending on your repayment ability and loan terms.

Q4: What are the benefits of Asset Finance with Equity Bank?
✅ Quick loan processing and disbursement
✅ Flexible collateral options — including the asset itself
✅ Tailored solutions to fit your business needs
✅ Competitive legal, insurance, and valuation fees
✅ Business advisory and development support

Q5: What do I need to apply?
🔹 To get started, you’ll need to:

• Be an active Equity Bank account holder

• Provide your company PIN certificate

• Submit Memorandum & Articles of Association (for older companies)

• Provide director IDs and KRA PINs

• Share current CR-12 and filing receipt

• Submit Tax Compliance Certificate

• Provide a Board Resolution to borrow and pledge security

• Clearly show how you'll repay the loan

Need help with the documents? I can escalate to a loan officer now. 📲

Q6: What security is required?
🔹 The asset you are purchasing usually serves as the main collateral. In some cases, additional security may be required — but we’ll guide you through the options.

Q7: How much can I borrow?
🔹 The loan amount is based on your ability to repay. The better your cash flow and credit profile, the more flexibility you'll have.

Q8: Are there any fees or charges?
🔹 Yes, there are standard charges like legal fees, valuation costs, and insurance — all competitively negotiated. I can help you get a detailed cost breakdown by connecting you to an agent.

Q9: Can I use the loan for working capital too?
🔹 The primary focus is on acquiring assets, but if the asset directly supports your operations, it may qualify. Let's discuss it with a representative — I can connect you now.

Q10: What if I run into an issue or want to give feedback?
🔹 You can raise a complaint directly through me, and I’ll log it right away. If needed, I’ll escalate it to a human agent for resolution.
📌 We aim to respond within 48 hours and resolve within 7 working days. You’ll be updated every 7 days if more time is needed.

Q11: Where can I find the terms and conditions?
🔹 All details — including loan terms, borrower responsibilities, and our data privacy policy — are in the loan offer letter you’ll receive during the process.

Q12: Does Equity bank support car finance?
🔹 Yes, Equity Bank supports business car finance. Here are the steps to apply for business car finance: 

Ensure you are an active Equity Bank account holder.