Requirements
Listed below are the minimum requirements in addition to the completed application form when applying for a hire purchase finance facility from Synergy Industrial Credit Limited. Based on the application there may be additional details that may be required for processing the facility. It is advisable to meet one of our business development and relationship team members to check on requirements of your application.
- here are the findings
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- Full Article
Individual/Sole proprietor/Partnership
- Certified copy of PIN and National Identification card
- Certificate of registration (if proprietor or partnership)
- Bank statements for last six months
- Financial statements for previous two years
- Valuation report from authorized valuer (used vehicle)
Companies
- Certified copies of memorandum and articles of association
- Certified copy of certificate of incorporation
- Certified copy of PIN Certificate
- Latest annual returns and filing receipts
- Bank statements for last six months
- Financial statements for previous two years
- Valuation report from authorized valuer (used vehicle)
Other terms and conditions
- Duly executed hire purchase agreement
- Joint registration receipt
- Three blank transfer forms
- Comprehensive insurance cover for the finance period by one of our recognized insurance companies
- Tracking device installed and running for the period of finance by one of our recognized tracking companies
- Joint several and personal guarantee and indemnity
- Rights of set off
- Any other documentation required for the hire purchase finance facility