Safaricom Dealers

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Financing

Our financing product helps you as a Safaricom dealer to buy assets needed for business like motor vehicles, motorcycles, shops and mortgages.

Features

Plot or motor vehicle financing
LTV at 80:20 for the bank and client respectively
Minimum amount Kshs. 1,000,000 but pegged on 70% residual income
Security to be letter of assignment from Safaricom

Motor vehicles

Maximum tenor of 60 months for new motor vehicles and 36 months for used motor vehicles
Processing fee to be advised.
LTV at 90:10 for new motor vehicles and 70:30 for old motor vehicles not exceeding 7 years
Instalment amount capped at 70% of the total commission.
Security to be joint registration of the motor vehicle and letter of assignment from Safaricom.

Acquisition of Shops

Maximum tenor of 36 months
Processing fee to be advised
Maximum amount Kshs 25m but pegged on 70% of their income
Security to be a letter of assignment from Safaricom

Mortgages

Maximum tenor of 120 months
Processing fee to be advised
LTV at 70:30
Instalment amount capped at 70% of the total commission.
Security to be the first legal charge over the property plus a letter of undertaking from Safaricom.

Financing Calculator

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