AL QASR HIRE PURCHASE SCHEME
AL QASR HIRE PURCHASE SCHEME
Are you thinking of buying your first car, but facing budget constraints? Or, are you looking to buy a second vehicle for your family’s needs? or are your looking to buy any Gadget – Mobile Phone, Laptop or maybe a Large Screen TV, In either case, Al Qasr has Hire Purchase schemes for all your needs.the like).
Our hire purchase relationship managers seek to provide financing to customers to purchase the below products amongst others:
- Saloon cars
- Commercial vehicles
- PSV Vehicles
- Buses
- Trailers
- Tractors & related implements
- Contractor equipment
- Specialized equipment
- Office equipment
- Industrial equipment
- Refinancing of existing equipment/motor vehicles.
Hire Purchase FAQS
What are the benefits of Hire Purchase?
- Payments in convenient installments
- Simple documentation
- Quick turnaround time of 24 hours
- No hidden costs like legal fees and stamp duty
- Insurance Premium Financing for the assets purchased
- Approval in 12 hours
What are the Hire Purchase requirements for Indviduals ?
- Fully Completed Asset Finance Loan Application form (available at all NIC Bank branches & motor vehicle dealers)
- Latest 6 months’ bank statements (original or certified copies)
- Latest 3 months’ payslips (if employed)
- Copy of ID Card
- Copy of PIN Certificate
- Proforma invoice/sale agreement
In addition to the above, for used vehicles, additional documents required are:
- Copies of logbook/import papers
- Current market valuation report from either AA Kenya, Regent Valuers or the vehicle franchise holder in Kenya.
What are the requirements for Limited Companies?
- Fully Completed Asset Finance Loan Application form (Available at all NIC branches & motor vehicle dealers)
- Latest 6 months’ bank statements (Original or certified copies)
- Certificate of Incorporation/Registration
- Memorandum & Articles of Association
- ID & PIN Certificate copies for all directors
- Copy of company PIN Certificate
- Proforma invoice/sale agreement
In addition to the above, for used vehicles, additional documents required are:
- Copies of logbook/import papers
- Current market valuation report from either AA Kenya, Regent Valuers or the vehicle franchise holder in Kenya
