Are you in need of short-term funding solution to pay employees, buy a car, buy a house, pay suppliers, or finance growth of the company, then come to Sketchway for Asset finance loan.
Terms and Conditions
- Maximum Amount: Depends on the need and capacity to pay back
- Maximum Period: 6 months
Interest Rate: 10% reducing balance - Collateral needed include;
a) Land title
b) Car log books
c) Any other tangible property - Guarantors: 2 guarantors and preferably one should be a spouse
- Security Evaluation: search on both land title and car log book to be done at the cost of the loan applicant
- In case of mortgaging and caveating the costs are borne by the borrower bears
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NOTE:
Before you decide to borrow money – whether it is to pay the bills or buy a luxury item – make sure you understand the loan agreement fully. Know what type of loan you’re receiving and whether it is tied to any collateral you own.
Agree with the lender on your repayment terms/plan: what your monthly obligation will be; how long you have to repay the loan; and the consequences of missing a payment. If any part of the agreement is unclear to you, don’t hesitate to ask for clarifications or adjustments.
Finally, be sure the loan repayments fit comfortably in your budget