About Asset Finance Loan
Asset Finance is a loan facility that provides SMEs with financing to acquire assets for their business operations. The assets under this loan category serve as collateral for the loans; however, access is only available to business owners with a 30% equity contribution. Original ownership documents of these vehicles and equipment will remain in Peach Financial Services Limited’s custody until full repayment. The loan interest rate will be at a prevailing market rate.
Product Information
LENDER
Peach Financial Services Limited
APPLICATION FEE
Ten Thousand Naira Only (N10,000.00) Non-Refundable
AVAILABLE FUND
Three Billion Naira Only (N3,000,000,000)
PRODUCT
Asset Finance Loan
CURRENCY
Naira
INTEREST RATE
Four per cent (4%) Flat monthly, subject to changes in line with money market
conditions.
FEES AND COMMISSION
A one percent (1%) management fee is payable upfront.
TENOR
365days
CLEAN UP CYCLE
0-6 months
REPAYMENT SOURCE
Repayment shall be tied to the business’s cash flow
REPAYMENT MODE
Monthly repayment of both principal and interest
MAXIMUM AVAILABLE FUND PER CLIENT
One Hundred Million Naira Only (N100,000,000.00)
MINIMUM AVAILABLE FUND PER CLIENT
One Million Naira Only (N1,000,000.00)
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Target Market
The product is for all levels of clients, both existing and prospective clients, with at least one year of effective experience in the line of business.
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Purpose
The loan is designed to provide financial support to SMEs to acquire assets for their business operations. The assets under this loan category serve as collateral for the loans.
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Compounding Interest Charges
Interest compounds monthly. Interest charges will accrue in the client’s account every month
Sponsor
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Opening Hours
Monday - Friday: 9AM - 07PM
Call Details
Toll Free: +234 816 455 8300
Email: info@peachfinancial.ng
Contact Info
1A Aiyetigbo Street, Isheri North GRA Estate off Channels TV Road, Opic Estate, Lagos State.
