Sterling Acquire

SA (Sterling Acquire) is an asset finance product which enables the individuals purchase identified assets and pay to the bank over a specified period of time in equal instalments.

Features:

• Targeted at confirmed employees of credible institutions and HNIs
• Post dated cheques for the rental amounts and fees
• Comprehensive insurance to cover the asset’s full cost
• Loan to be guaranteed by a third party
• Minimum score of 60% on the score sheet
• Interest rate is Sterling’s PLR currently 18% p.a. plus other fees
• Proforma Invoice from authorised vendors (not required for share loan applicants)

Steps to access Sterling Acquire

Step 1

Customer meets with Relationship Officer, fills application form and provides supporting documents such as vendor’s offer letter, title and Guarantor’s form.

Step 2

Applicant Information is verified, Relationship Officer prepares CAM and forwards to Consumer Lending for review and approval.

Step 3

Relationship Officer communicates decision to applicant within 5 days of receipt of complete application.

Step 4

Customer accepts offer and returns all executed agreements to Relationship officer and Draft is issued in favour of the vendor.

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