Chattel Mortgage

When it comes to commercial car, machinery and equipment finance, our chattel mortgage product is  a sensible option.

Chattel mortgage is the term referring to a finance agreement that provides funds to purchase an asset and the finance provider accepts that financed asset as the security for the credit. Chattel refers to the asset, and mortgage refers to the loan.

With chattel mortgage, you can own it now and make manageable repayments structured to suit your needs.

Product example

Customer Y wants to purchase a new 15-seater bus for the purpose of staff pick up and drop offs. The customer provides all required information such as vehicle quotation, identification, company profile, financial statements and bank statements.

Based on the information provided a recommendation made and approved within 48 hours by Credit Corporation.

Apply for finance

OVERVIEW

Minimum amount

K10,000

TERM

1 to 3 years

repayments

Principal &
Interest

INTEREST RATE

Advised on assessment