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.

  • 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
  • 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.
  • 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
  • Maximum tenor of 84 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.

Apply For Financing Here

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