Cosmotronic(Asset loan):

This type of loan is designed for low income earners who wants to acquire electronic asset from the bank.

  • Should be an account holder.
  • Operate an account over a reasonable period of time.
  • Generate an acceptable turnover to warrant the loan amount.
  • Evidence of equity contribution in place to be determined by the bank.
  • Formal application from customer applying for the asset loan.
  • Completion of a Cosmo loan form.
  • Interest rate is flexible and negotiable.
  • Tenor is determined by the nature of asset and loan amount
  • Collateral may be required as pledge
  • Asset to be bought in bank’s name but later reverted to customer’s name on liquidation of loan
  • Processing fee is mandatory (one-off)

Insurance fee is a requirement

*Terms and Conditions apply.
Call 0700 300 0000 or email for more information.