I&M is a mid-tier private bank in Kenya founded in 1974 and currently has 42+ branches. The bank offers personal,business and digital banking options.
Among the personal range portfolio, is the asset finance product which covers all forms of business and personal assets which are moveable in nature or identifiable through a serial/registration number and largely covers motor vehicles, machinery and equipment.
One of the forms of asset finance includes vehicle loans whereby I&M has partnered with various dealers including: WorldNavi, DT Dobie and MHH International to finance of up to 80% on cost over loan duration of 48 months for assets below subject to credit evaluation.
Benefits
The application process is quick and simple application process, financed assets are self-securing, availability option of direct import finance through selected dealers as well as insurance Premium Financing {IPF).
In addition, there is an effective working relationship with vehicle dealers/vendors country wide.
Requirements
-Duly completed Asset Finance Application Form
-Proforma Invoice from the Dealer/Vendor
-ID Copy
-PIN Certificate
-Latest payslip (if salaried)
-Latest 6 month bank statement ( 12 months is business is seasonal in nature)
-Business PIN Certificate {Where applicable)
-Certificate of Business Registration
-Copies of contract where asset sought is to meet contractual requirements
SM E’S/CORPORATES
-Duly completed Asset Finance Application Form
-Proforma Invoice from the Dealer/Vendor
-Company PIN Certificate
-Certificate of incorporation
-Memorandum & Articles of Association
-Latest 6 month bank statement (* 12 months is business is seasonal in nature)
-Copies of contract where asset sought is to meet contractual requirements
-Latest 3 year audited accounts, annual returns and cash flow projections
-Company/Business Profile
Contacts
I&M Bank Tower, P.O. Box 30238 – 00100,
Nairobi GPO, Kenya
24-hour Call Centre: +254 20 322 1000, +254 719 088 000, +254 732 100 000
Email: invest@imbank.co.ke
