Merito Loan

Merito loan

Merito is an Italian word-meaning asset. This is a product designed by us to support our clients in acquiring basic assets for their business. This is up to a maximum of Ksh.100,000 with a repayment up to a maximum of 9 months. The condition is that OML retains the ownership of the project until it’s fully paid for. The repayment for the asset is done on a weekly basis and the same will be reposed if the clients defaults payment for two consecutive weeks.  To qualify for this loan you must be guaranteed by at least two other businesses, which are well known, to you and our officers will verify the information provided.

REQUIREMENTS

1. Various quotation of asset to be purchased accompanied by a photograph of the Item
2. Joint ownership of the Item for the entire period until the customer clears the loan.
3. Customer and Guarantors to provide security and prove of ownership of the security.
4. Customer/ Guarantors passport photo and copy of ID.
5. Aphidavite of proof of ownership of the security