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Vehicle and Asset Finance

Vehicle and Asset Finance Banner

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.

 

 

Some of the benefits

Great Rates

Get a personalized interest rate that’s fairly based on your affordability

Buy or Lease

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
  • What you get
  • What it costs
  • 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