Giant Stride Microfinance Bank Limited

Asset Acquisition Loan

Equipment financing Nigeria
Asset purchase loan
Machinery & tools loan
SERVICE DETAIL

Asset Acquisition Loan

Best For

Workers and business owners purchasing vehicles, equipment, or electronics.

Structure

Bank funds 70%; customer contributes 30% of total asset price (including incidental costs such as transport).

Ownership

Asset bought in the name of Giant Stride MFB; documents retained until loan is fully repaid.

Key Features

  • Joint purchase with the bank present at the point of purchase.

  • Interest charged on the 70% bank‑funded portion only.

  • All standard loan conditions apply.
  • Requirements

  • Save at least 30% of the asset value in your Giant Stride account.

  • One or more acceptable guarantors (depending on asset value).

  • Asset is titled to Giant Stride MFB until full liquidation.