Applying for Asset Finance Loan is as easy as 1-2-3. Simply visit or drop by the
Cooperative
office and our friendly staff will guide you through the process.
Features
- Eligibility: Must be a Cooperative member
- Loan repayment capacity should be within 50% monthly contribution
- Loans up to 4 million are repayable in 6 months
- Loans above 4 million are repayable in 12 months
- Comprehensive Insurance is mandatory for items costing 4 million and above
- Interest rate is 14%
Procedure
- A Cooperative member visits the showroom of GEEPAS on Jinja road, opposite Total to identify the item of their choice
- GEEPAS issues quotation to Cooperative member
- Member delivers quotation to Cooperative Credit Officer for credit screening
- Once you pass the appraisal stage, an approval form is issued by the Accountant
- Member will present this approval at the showroom to pick the asset
- GEEPAS issues a delivery note to member to confirm release of asset