Loan Repayment Period Extension! Now 20 Months on ALL Products

Loan Repayment Period Extension! Now 20 Months on ALL Products

If you have ever been in need of cash to take care of your business or an item you’re importing, chances are that you’ve considered taking a long-term loan. These loans are available to both private individuals and small and large businesses alike and provide a source of funding for considerable purchases or business expenses that the borrower must pay off over a period of years rather than weeks or months.

Just in case you’re thinking of taking a long-term loan or get long-term financing from your financial institution, weigh in both the advantages and disadvantages before signing on that dotted line.


Why is a long-term loan or financing important?

  • Purchasing Power: Long term loans spans a greater period of time than short-term loans. This means you can borrow a great amount which gives you a far greater purchasing power than borrowing a small amount. If your business or as an individual that needs cash quickly to stay afloat, long-term loans are really beneficial.
  • Lower repayments: Long-term financing loans also provides applicants with lower payments than short-term financing for the same amount. Long terms payment periods allow applicants to incorporate their payments into their budget easy.
  • Build Credit: Longer repayments periods have very structured payments processes designed to meet the needs of borrowers. Making regular payments on a long term loan allows clients to build their creditworthiness. For a business owner building a business’ credit, it is important to rely less on personal credit for future debt financing.

Long-term loans or repayment periods can be very advantageous for both an individual and a business. After the maturity date and when full ownership is assumed, the former debtor who is now the owner can use the asset and the positive credit they have already developed paying for it for future borrowing. 

At Ngao Credit Limited, we have extended our repayment period from 12 to 20 months for all our products including auto logbook loans, loans against shares and import financing among others.

By extending the payment period, we’re helping minimize time spent saving for investments so that you’re able to realize potential earnings sooner to help offset the cost. We help clients to raise capital and pay for their products helping them get access to these products within the shortest time possible.

Want to know more about our long-term repayment period and how it can help your business ease cash flow? Call Ngao Credit now on 0709 650 000 or contact us for more details.

6 Comments
  • Mike Lucas
    Posted at 10:47h, 19 September Reply

    I request to have my repayments moved to 7th of the month rather than 28th because I am always out of the country and even that simple request is a nightmare. I, therefore, don’t believe in you.

    • ngao credit
      Posted at 10:25h, 02 October Reply

      Hi Mike, We are sorry for the experience you had with us, kindly call us on our customer service number 0709 650 000 for us to get in touch with you and get to solve the matter.

  • Patrick Njoroge Wainaina
    Posted at 10:56h, 19 September Reply

    Hi..hope this finds you well..My name is Patrick Njoroge Wainaina son to Phillis Muthoni J Wainaina..we have been your client for over 5 years now.We have a loan with you using our vehicle logbook KCD 507V Toyota mark x..we had some arrears pending amounting to around 100,000 and our vehicles was repposed by an auctioneer you sent to Naivasha..Now since i have seen your mail that you have extended the loan repayment period are we eligible to this and is it possible you extend our repayment period to the 20months and what are we required to do so that you release our vehicle please..Hope you’ll consider our humble request please..Regards looking forward to doing business with you in the near future..Thank you

    • ngao credit
      Posted at 09:43h, 30 September Reply

      Morning Mike, sorry for the experience with us, Kindly leave your number with us so that we can get in touch with you for assistance.

  • HM
    Posted at 23:27h, 22 September Reply

    This is good news!.extension of months you must agree with me that it will be appreciated by your clients,most of the people have gone through the challenge.

  • ngao credit
    Posted at 10:22h, 02 October Reply

    Thanks for your feedback HM, we always listen to our clients for the betterment of our services.

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