Chattel-Secured Loan
Unlock credit against movable assets you own—machinery, equipment or household goods—while you keep using them
Monthly Interest3.5% p.m.(Reducing)
Borrowing LimitUp to Ksh 500,000Min: Ksh 20,000
Repayment Tenure3 to 12 MoPayroll Check-Off
Overview & Purpose
Credit secured by movable assets owned by the borrower, such as business machinery, equipment or high-value household goods. The borrower keeps and uses the asset while Betasoft registers a security interest over it under the Movable Property Security Rights Act until the facility is fully settled. The loan amount is based on an independent valuation of the asset and the borrower's ability to repay. Eligibility, amount, tenure and total cost remain subject to asset valuation, affordability assessment and Betasoft's approved tariff.
Who This Loan Is For
- Business owners with machinery or equipment they own outright
- Individuals with high-value household assets such as electronics or furniture
- Borrowers without a vehicle logbook or title deed to offer as security
Product Features & Benefits
- Keep and continue using your asset while you repay
- Security interest registered at the Collateral Registry
- Interest charged on a reducing balance
- No penalty for early settlement
Mandatory Eligibility & Documentation
Proof of ownership of the asset (purchase receipts or invoices)
Copy of National ID card (both sides)
Latest 3 to 6 months bank or M-Pesa statements
Asset inspection and valuation by a Betasoft-approved valuer