Buying Equipment with AAR Credit Asset Finance

Step 1.
Visit one of our vendor outlets and identify the item you require,

Step 2
The vendor will help you complete the following documents to request financing. 

• AAR Credit Asset Financing Application Form
• Simple Insurance Proposal Form to provide comprehensive insurance cover for the equipment you wish to buy.

Step 3
Attach the supporting documentation to your application as shown below. 

               Employed Persons
                   -Copy of ID/Valid Passport
                   -Copy of PIN
                   -Certified copies of the last 6 months bank statements.
                   -Certified copies of the last 3 months payslip.

                Self Employed Persons 
                    -Copy of ID/Valid Passport
                    -Copy of PIN
                    -Certified copies of the last 6 months bank statements.

                Limited Liability Company
                    -Copy of Certificate of Incorporation OR
                    -Copy of Business Registration Certificate
                    -Copy of Company PIN
                    -Certified copies of the last 6 months bank statements.

Step 4
The vendor will forward to AAR Credit the following, for approval:
                     - Application Form
                     - Insurance Form 
                    - Invoice for the full amount. 
                    - 1st Cheque with Current Date 
                    - Remaining Post Dated Cheques, or Bank Standing Order Form, or Letter from Employer confirming Check Off. 
        
                    (Please note, the maximum number of monthly instalments is 12).

Step 5
AAR Credit vets the application.Within 48 hours AAR Credit calls you to inform you wthere application has been approved or not. If your application is approved AAR Credit informs you that they are banking your first instalmnet cheque.

Step 6
Once your cheque payment has cleared, AAR Credit issues LPO to the vendor  and inform you to collect your goods 
 from the vendor. 
 
TURNAROUND TIME: 7 working days (between Application Receipt at AAR Credit & LPO Dispatch)