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ABF Financing for Business |
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Overview
The aim of Asset Based finance (Installment credit)
is to enable the borrower to obtain use of an asset
while repaying the amount borrowed over an agreed
period of time. ABF facilities are beneficial for
acquiring trucks, taxis, commercial vehicles or
other assets such as machinery, water pumps, milling
equipment, etc, intended for growing your business.
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"beneficial for acquiring trucks,
taxis, commercial vehicles" |
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Features
- Ownership of the asset usually vests in the bank
until the borrower repays the amount in full, and
once fully repaid, the ownership is transferred to
the borrower
- A deposit amount of 20% is required.
- Repayment period is 36 months for businesses ABF
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