Vehicle and Asset Finance
Get our vehicle and asset finance (VAF) facility which will provide you with short- to medium-term funding to finance the purchase of moveable assets, such as motor vehicles, for your business.
Vehicle and Asset Finance
Great Rates
Get a personalised interest rate that’s fairly based on your affordability
Lease or Buy
Choose to own or return your vehicle on your last payment, or keep your options open
Flexibility
Choose to repay your loan at a pace that suits your income and lifestyle
Insured
With our credit facilities, you can access affordable insurance from our trusted partners.
What you get
- Finance lease – This allows us to buy the asset and lease it to you in return for specific rental payments
- Asset based term loan - We provide you with a loan and take charge over the financed asset as security in the form of a debenture or chattel mortgage.
- Sale and lease back - This option is for corporates that want to raise cash for working capital by “selling” their unencumbered assets to us and we refinance them over a specific period
- Direct finance - we finance employers on a normal finance transaction or on a rental (operating lease) basis. The employer then lets their employee use the vehicle
- Guaranteed scheme - we provide finance to employees and their employer gives us a guarantee it will make deductions from their employee’s salary every month
- Administrative scheme - we provide finance for employees while the employer offers administrative support through deductions from the employee’s salary every month and informs us about resignations and retrenchments
What it costs
- Only pay interest on the amount you have taken
- Competitive interest rates
How to get it
- Be 18 years or older.
- Tanzanian citizen with permanent residency or a foreigner with a work permit.
- Have current account with Stanbic bank where at least one-month salary has been deposited and bank statements for the recent six months.
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What you get
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What it costs
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How to get it
- Finance lease – This allows us to buy the asset and lease it to you in return for specific rental payments
- Asset based term loan - We provide you with a loan and take charge over the financed asset as security in the form of a debenture or chattel mortgage.
- Sale and lease back - This option is for corporates that want to raise cash for working capital by “selling” their unencumbered assets to us and we refinance them over a specific period
- Direct finance - we finance employers on a normal finance transaction or on a rental (operating lease) basis. The employer then lets their employee use the vehicle
- Guaranteed scheme - we provide finance to employees and their employer gives us a guarantee it will make deductions from their employee’s salary every month
- Administrative scheme - we provide finance for employees while the employer offers administrative support through deductions from the employee’s salary every month and informs us about resignations and retrenchments
- Only pay interest on the amount you have taken
- Competitive interest rates
- Be 18 years or older.
- Tanzanian citizen with permanent residency or a foreigner with a work permit.
- Have current account with Stanbic bank where at least one-month salary has been deposited and bank statements for the recent six months.
We also offer
Business Current Account
Run your business with a business bank account that lets you manage your money and transact 24/7 from your Business or Biashara online platform. Our business current account gives you access to secure electronic transfers, payments and allows you to boost your business’s cashflow with tailored business lending solutions.
Business Online
An electronic banking channel that is user-friendly and enables you to do your banking from the confines of your work environment. From simple transactions and transfers, to local and cross-border trade deals and forex payments, you have full control over how you handle your finances.