RIFL
RIFL
RIFL
RIFL
RIFL

RIFL Products

Commercial Chattel Mortgage and Finance Lease

These are traditional products for the financing of motor vehicles, plant and equipment. Both products have varying tax benefits provided the assets financed are used predominantly for business purposes (check with your accountant to ascertain the tax benefits that best suit your business).

For these products we offer a Master Lease Agreement and Master Chattel Mortgage Agreement for clients that have ongoing asset requirements. In these instances we establish a Revolving Credit Facility that corresponds with your forecasts, for new assets to be financed over the next twelve months. RIFL do not charge you to set up the Revolving Credit Facility, nor are there any ongoing fees or charges if you use the Facility or not. Once in place a Master Agreement is executed, the Master Agreement provides for directors and guarantors to sign only once and a common seal affixed only once. All financing thereafter is undertaken through the signing of a one page schedule by an Authorised Signatory (appointed by the director/principals of your business) for all future requirements. This avoids onerous paperwork and the inconvenience of getting directors and guarantors together every time you need to finance something new.

Consumer Chattel Mortgage

This product is used to finance motor vehicles and consumer assets over K3,000. When the Chattel Mortgage agreement is paid in full, the asset financed is yours.

Interest Bearing Deposits

RIFL is actively in the market to attract investments over K10,000. Terms range from 3 months to 3 years and interest is paid quarterly or can be reinvested. (Please contact us for interest rates)