Elsek Machinery Finance (EMF) offers customized finance solutions that meet your business needs and advance you ahead of the competition and to meet your objectives. Whether you are a small job shop or a large corporation, we have the resources and knowledge to help your business develop and expand. When you work with EMF, you are ensured a customized financing solution that meets your specific business needs.
EMF offers a variety of products to meet the unique needs of your business. Your EMF specialist will work with you to develop the best finance option for your company’s bottom line.
Capital equipment is our only business. Our financing specialists understand the industry and can customize a solution that meets your specific needs.
We can arrange for financing under direct loan terms or lease terms.
EMF is one of the few financing institutions that can offer an application-only program for amounts up to K.Shs. 4.5m. We know exactly what information is required and will not put you through unnecessary steps when you apply for financing. We can provide options to you within hours!
Applying is simple with our automated, online form. Just follow the steps below and you’re on your way to financing your capital equipment! Complete our application form and your application will be immediately routed to our finance team and you will be contacted within 48 hours of submission of all necessary documentation.
EMF finances 50% of the invoice value of the machinery.
50% of deposit has to be made upfront and the balance to be paid in a spread of 12 to 36 months at affordable interest rate 11% per annum* on reducing balances.
Click here for EMF borrowing rates and procedures
*rate might change due to market forces
EMF BORROWING RATES AND PROCEDURES
MACHINERY 25% & 50% down payment (All figures in Kenya Shillings)
|Principal Advance||Down Payment||12 months||18 months||24 months||36 months||12 months|
|KES 500,000||KES 125,000||KES 33,490||N/A||N/A||N/A||(75% financing)|
|KES 750,000||KES 187,500||KES 50,234||KES 26,738||N/A||N/A||(75% financing)|
|KES 1,000,000||KES 250,000||KES 66,979||KES 51,315||KES 35,651||N/A||(75% financing)|
|KES 1,250,000||KES 312,500||KES 83,724||KES 64,144||KES 44,563||KES 31,553||(75% financing)|
|KES 1,500,000||KES 375,000||KES 100,468||KES 50,118||KES 53,476||KES 37,864||(75% financing)|
|KES 1,750,000||KES 437,500||KES 117,213||KES 58,470||KES 62,389||KES 44,174||(75% financing)|
|KES 2,000,000||KES 500,000||KES 133,958||KES 66,823||KES 71,301||KES 50,485||(75% financing)|
|KES 2,250,000||KES 1,125,000||KES 98,653||KES 75,176||KES 51,700||KES 36,062||(50% financing)|
|KES 2,500,000||KES 1,250,000||KES 109,614||KES 83,529||KES 57,444||KES 40,068||(50% financing)|
|KES 2,750,000||KES 1,375,000||KES 120,575||KES 91,882||KES 63,188||KES 44,076||(50% financing)|
|KES 3,000,000||KES 1,500,000||KES 131,537||KES 100,235||KES 68,933||KES 48,082||(50% financing)|
|KES 3,500,000||KES 1,750,000||KES 153,459||KES 116,940||KES 80,421||KES 56,095||(50% financing)|
|KES 4,000,000||KES 2,000,000||KES 175,382||KES 91,910||KES 64,109||KES 50,226||(50% financing)|
|KES 4,500,000||KES 2,250,000||KES 197,305||KES 103,399||KES 72,123||KES 56,504||(50% financing|
FAILURE ON PAYMENT
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