Head Office
Suite 309, 1st Floor, Annex 1, Kisozi Complex, Kyagwe Road, Nakasero – Kampala
Email
info@deedmicrofinance.com
Phone
+256414599959
Work Hours
Monday to Friday: 8AM - 5PM
For many people, owning a car is an important personal and financial goal. A car can make daily transportation easier, support business activities, and create opportunities to generate income. However, raising the full amount needed to purchase a car can be challenging. This is where DEED Microfinance Asset Financing comes in.
DEED has introduced Asset Financing to make car ownership more accessible to eligible customers. Instead of paying the full cost of the car upfront, you can contribute 30%, while DEED finances up to 70%, subject to assessment and approval.
How Does DEED Asset Financing Work?
The process begins by identifying the car you want to purchase and determining its cost. You then make your 30% contribution and submit your application together with the required documents.
DEED assesses your application and financial capacity. Once approved, DEED finances up to 70% of the car’s cost according to the approved terms. You then repay the financed amount over the agreed repayment period.
What Can You Finance?
DEED Asset Financing is specifically for cars. The product can support eligible customers looking to acquire a car for personal use, business operations, or income-generating activities.
Whether you need a car to make your daily movements easier or to support your business, Asset Financing can help you spread the financial commitment rather than paying the entire cost at once.
Why Consider Asset Financing?
Buying a car using all your available savings can leave you with limited funds for other financial needs. Asset Financing gives you an opportunity to use part of your own funds while financing the remaining amount.
For business owners, keeping some working capital available can be important for managing day-to-day operations. For individuals, financing can make it possible to work towards car ownership without waiting until the full purchase price is available.
However, it is important to choose a car that matches your financial capacity and ensure that the repayment commitment is manageable.
What Do You Need?
Applicants will need to provide the relevant documentation for assessment. Requirements may include a
- National ID
- Bank statements
- Passport photographs
- Your dream car in mind
DEED’s team will guide you through the application process and explain the applicable requirements and terms.
Ready to Own Your Car?
If you have been planning to buy a car but do not have the full purchase price, DEED Asset Financing gives you an opportunity to explore a structured financing option.
Contribute 30%. DEED finances up to 70%.
Speak to DEED Microfinance Ltd today on 0758 511 610 to learn more and begin your car ownership journey.
We care about your growth. We educate.
Terms and conditions apply. Financing is subject to assessment and approval.