Heavy Equipment Financing
This financing facility is provided to business actors whose business is engaged in heavy equipment investment through financing schemes by buying and selling or leasing with finance lease (obtaining ownership of the equipment)
- Financing is provided not to exceed 80% of the price of the heavy equipment.
- Financing is non-revolving in nature.
- Financing margin is fixed, as initially agreed upon.
- Maximum financing term: 4 years.
- Maximum financing grace period: 6 months.
- Collateral is in the form of the heavy equipment for which the financing is provided.
Additional collateral: receivables/fixed assets/cash collateral.