Vast Credit Finance Group

Activities Financed

Business growth Loan

Activities in the commerce and trade that involve purchase/sale of foodstuffs, cash   crops, livestock, general merchandise such as textiles apparel and garments, electronics, electrical equipment, computers and accessories, stationery dealers, photocopying and printing service, furniture and furniture accessories; grocery stores, Food kiosks, Restaurants, hotels, lodges, guesthouses, beaches and resorts, clothing repair (seamstress), shoe repair, barbershops, beauty salons, furniture repair (wood or upholstery), plumbing, machine shops, appliance repair service, automobile repair shops, passenger transport services like buses, commuters and special hire car.

School fees Loans

Parents with school going children at all level of Education but with satisfying projected cash flow for repaying the loan.

Agriculture Loans

Farmers involved in Coffee growing, Banana Growing, Maize and Bean growing Fruit growing, Goat, cow, poultry rearing. The typical activities funded include Purchases of seeds, Purchase of Fertilizers, Purchase of feeds for Goats, cows, pigs, and poultry. Payment for farm labor.

Motorcycle Loans.

Advance physical Motorcycles to those who apply for them purposely for Boda Boda Ridding.

Other Non Boda-Boda Riders can also benefit from the product provided they satiate the requirements.

Emergency loan

Circumstances of emergence nature such as Death of Close relative, Sickness of family member, any other problem of emergence nature. Activities funded include purchase of burial and funeral requirements, Paying medical bills.

Group loans.

Registered and well organized business associations, clubs, and community based organizations can access credit from Vast Credit Finance through group guarantee arrangement.

Salary guaranteed loans.

This product is designed for Persons in gainful employment and can be recommended by their employers to get loans from Vast Credit Finance. The product enables employed individuals borrow money based on their monthly income without needing physical collateral like land titles or vehicle logbooks. Repayments are deducted automatically from your salary account.

Women development loan.

The product is envisaged to increase participation of women in business development, increase their incomes, livelihood security and overall quality of life.

The product is designed to address the challenges women face in undertaking economically viable enterprises including the limited access to affordable credit, limited technical knowledge and skills for business development, limited access to markets as well as information regarding business opportunities.

 

Why Choose Vast Credit Finance.

  • Loan approval within 12 hours.
  • 1 (One) guarantor.
  • Normal Interest rate.
  • Minimum document requirements.

Requirements.

  • 2 passport size photos
  • Valid Identification (National Identity Card)
  • At least 1 Guarantor.
  • Acceptable collateral security

Acceptable Collateral Security.

  • Land Title.
  • Kibanja agreement
  • Car Logbook.
  • Letter of Undertaking by Employer for Salary loans.
  • Personal & Group Guarantee for Group loans.

Standard Charges

  • Search fees
  • Valuation and Caveat
  • CRB report.
  • Loan processing and arrangement fees
  • Loan application fee.

Our rate of interest.

2.8% per month charged on reducing balance basis.

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