Close

October 18, 2019

NGAO CREDIT

AUTO LOGBOOK LOANS

Ngao Credit offers quick loans against motor vehicles.  You can borrow up to 60% of the value of your car in 6 hrs and repay within a period of up to 20 months.

Why Take an Auto Logbooks Loan with Ngao Credit ltd?

  • You get your cash in 6 hours to sort that emergency bill/ boost your biashara/ pay school fees, supply those goods, pay your employees &Etc
  • Borrow even up to 5 Million against your logbook.

Requirements

  1. Original logbook
  2. Original national ID & PIN
  3. Latest 6 months bank statements
  4. Post-dated cheque(s)
  5. Comprehensive insurance

Other benefits of the logbook loan

  • Interest rate of as low as 3.5% for up to 20 months
  • Valuation fee 4,000 kshs paid upfront
  • Processing fee 4% of the loan amount
  • Insurance fee 1% of the loan amount
  • Search 2,000
  • Tracking fee 4,000 kshs
  • Transfer fee 3,675kshs
  • Processing time 6 hours.

LOAN AGAINST SHARES

Ngao Credit allows you to secure a loan using your NSE listed shares. Get quick cash up to 50% of the value of your shares.

Benefits of this loan

  • You get fast cash without having to liquidate your shares.
  • You still get your dividends 100% even when you have a loan.
  • Flexible repayment period of up to 20 months

Other requirements

  1. CDSC statement
  2. Original national ID & PIN
  3. Latest 6 months bank statements
  4. Post-dated cheque(s)

CHEQUE CASHING

This Service allows you to get quick cash against a cheque after being paid without waiting for the cheque to mature at the bank. They ensure you obtain immediate cash against your cheque drawn by a reputable company, this guarantees you a continuous flow of your business working capital which would otherwise be affected awaiting the cheque to complete the clearing.

Requirements

  1. Physical cheque
  2. Original national ID

ASSET FINANCE

You have a chance to own your dream car by getting a car loan of up to 60% of the value of the car. Identify a vehicle of your choice from any motor vehicle dealer and they will make your dream come true

Benefits of our asset finance loan

  • You get to drive your car as you comfortably pay within 20 months.
  • It is fast. You get your car in 24 hours.

Requirements

  1. Proforma invoice from the dealer
  2. Original national ID & PIN
  3. Latest 6 months bank statements
  4. Post-dated cheque(s)
  5. Comprehensive insurance

JIJENGE LOAN

They offer our existing clients tailor-made services that enable them to access quick cash in less than 30 minutes with a flexible repayment plan of up to 20 Months.

How it works

  1. Apply for a loan for 3 months.
  2. Pay interest only for 2 months and clear the principal on the 3rd month.

IMPORT FINANCE

Ngao Credit offers 100% financing on duty and port charges for imported consignments in just 48 hours.

Requirements

  1. Original importation documents
  2. Original national ID & PIN
  3. Latest 6 months bank statements
  4. Post-dated cheque

PERFORMANCE AND BID BONDS

Ngao Credit facilitates issuance of Performance & Bid bonds from reputable financial institutions in less than 1hr.

Requirements

  1. Company registrations documents.
  2. Tender document showing details of the bid bond.
  3. Director(s) identification documents.
  4. Latest 6 months bank statements.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please wait...

Subscribe to our newsletter

Do you want to be kept update when new loans are reviewed? Or when there is an offer in the market? Just enter your email address and name below to be the first to know.