About Asset Acquisition Loan and how does it work
This loan product is targeting members who want to acquire assets especially business
assets. It is also designed to serve those members who want to acquire properties like
land, houses, cars etc. You mention the asset, we buy it for you and we arrange for a
good payment plan.
We usually follow 4 steps to get a better business loans.
1
Apply for any of our loan products
Online Loan Application Form is available on our website and Mobile Phone
Application. You can also access a physical loan application on our office or through our
field staff whenever seen.
2
Appraisal
The credit officer makes a physical visit to the applicant’s business premises to establish
the existence and performance of business that shall generate income to pay back the
loan.
3
Credit Committee
After an appraisal, the credit committee sits and analyses the application whether it
conforms to the requirements as stated in the Credit Policy.
4
Disbursement/Decline
After successful appraisal and positive response from the Credit Committee, money is
credited on the applicant’s account from which he/she withdraws. A communication is
made to the client giving the details of disbursement or decline of application.