BODA FINANCE TO CORPORATES

Parameter Remark
Purpose For purchase of New Boda
Target Groups Corporates of Good repute subject to our due diligence
Facility Type Short Term Loan
Limit Max 90% of the cost of the vehicle within our single borrower exposure limit.
Tenor Max 12 Months
Rate of Interest Flat 2% Interest per month or its part.
Disbursement By way of credit/remittance to the account of Dealer
Repayment Monthly Instalments
Down Payment UGX 1,000,000
Documents Required

Board Resolution from the Corporate Client for opening deposit/loan account/s with us and Power of Attorney granted to its managers, officers and/or employees to transact on the account.

KYC Documents and photographs of the Directors/signatories. Work Permit/s if Foreigners.

Certified copies of Certificate of incorporation, Memorandum & Articles of Association, Form 20, Form 7, Form 18 (for address of the company)

   Demand Promissory Note

   Loan Agreement

   Personal Guarantee executed by Director/s

Processing Fee UGX 50,000 (Non Refundable)

Updated on : 1/ 1/ 2018