It is a type of life-enhancing loan which gives consumers the opportunity to buy on hire purchase, consumer items such as home appliances, electronics, furniture, etc. from some selected vendors.
Features
- Consumer Asset Finance Product targeted at customers with good credit profile with the Bank
- Accredited Vendors of Consumer Asset products will be signed unto the Scheme.
- Customers pick their items from the vendor and will be given the opportunity to pay over 12 months
- No Interest or Processing Fee is charge on the Product
- Customer must have good credit history with the Bank
- Customer must be either an employee of a Reputable Scheme Company or has a salaried account with the Bank.
- Customer must meet the required DIR(debt income ratio)
- Customer must not be on the Exclusion list of the Bank or Must not have a Negative Bureau Report
- Churches, SMEs and Corporate customers must demonstrate repayment ability based on Bank Statement Analysis.
- Loan tenor is 12months
Benefits
- Provides you with a wide range of items to choose from well-screened and selected vendors
- Assured of a 12 month warranty
- No interest payment
- Loan spread over 12months of equal payments
Documentation
- Completed Application Form
- Recent passport size photograph
- Proof of identity (passport, driver’s license, voter’s ID/ etc)
- Original Pay Slip (last three months)
- Last three months Bank Statement(for Non uniBank Customers)
- Referee’s Details and copy of ID for other customer segment apart from uniBank Staff
- Personal Guarantee from the borrower