CenteAgribusiness Solar Loan
Product Features
- Minimum loan amount UShs.100,000 and maximum UShs. 50 million.
- Flexible loan periods of up to a maximum of 60 months.
- Client contribution of 25% - 75% depending on the choice of equipment.
- Interest charged on declining balance basis.
- Flexible and regular repayment frequency.
Benefits
- Speedy processing (within 48 hours).
- Low interest rates.
- Flexible repayment plans and grace periods based on borrower’s cashflow.
- Loan period of up to 60 months (maximum).
- Government subsidy for qualifying clients.
Requirements
- Current or Savings Bank account.
- Completed loan application form.
- Loan processing fee.
- National ID.
- Verifiable source of income to service the loan.
- Customers’ business premises should be located within the branch designated area.
- An invoice or BOQ from reputable Solar Irrigation Company for the irrigation system to be purchased.
- Evidence of ownership/ authorization where the irrigation system is to be installed.
- Secured with a combination of securities: moveable, immoveable and guarantors.
- Solar & Irrigation equipment purchased must be part of security.