Financial Service

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Financial Service

We provide various Financial Service to Construction, Real Estates and other Big Projects

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LPO Financing

This product enables contactors or suppliers to service their orders without having to struggle for funds to service the orders. We provide short processing period of upto 48 hours, 100% financing and Competitive interest rate on flat rate.


Schools Asset Finance

A facility that will enable clients acquire tangible assets like vehicles, machinery and other assets for business or personal use.

Features and Benefits

  1. Competitive interest rates
  2. Flexible repayment arrangements
  3. No penalty for early repayments
  4. Repayment period of up to 48 months
  5. Up to 90% financing

Qualifying Criteria

  1. School board minutes approving purchase of the bus
  2. Relevant consent from regulatory bodies
  3. School registration certificate issued by Ministry of Education
  4. Bank statement for one year
  5. Cash flow projections for at least one year
  6. Evidence of actual annual revenue collections
  7. Vehicle to be fitted with anti-theft device

PSV Asset Finance

A facility that will enable clients acquire tangible assets like vehicles, machinery and other assets for business or personal use.

Features and Benefits

  1. Competitive interest rates
  2. Flexible repayment arrangements
  3. No penalty for early repayments
  4. Repayment period of up to 48 months
  5. Up to 90% financing for new vehicles and 70% financing for second hand vehicles

Qualifying Criteria

  1. Copy of ID and PIN
  2. Bank statement for at least six months
  3. Vehicle to be fitted with anti-theft device
  4. Pro forma invoice from dealer/vendor
  5. Vehicle to be fitted with anti-theft device

Assets Financing

We provide short and medium term loan to finance your business, with flexible repayment periods, fast processing and attractive interest rates.

FAQs

Find your answers faster in our popular FAQs topics

  • What are the requirements for account opening?

    For individuals:
    • Original ID card, passport photo, PIN certificate and minimum opening balance. For Groups:
    • The group must not be less than 10 members, MUST be registered with the Ministry of social services and have a constitution, minutes on resolution to open the account For Churches/Institutions/Businesses/Corporates:
    • Certificate of Registration/Incorporation, resolution to open the account, Original ID cards, passport photos, PIN certificates of signatories, minimum opening balance and the Constitution (Churches)

  • How long does it take for a client to be funded?

    Once a client opens an account with us, he/she will be required to operate the account for at least three months. The client then can borrow. If in a group, they will undergo training for a period of 8 weeks and will be allowed to borrow.

  • What securities are acceptable to Bloom loans?

    We accept both chattels and other conventional securities.

  • I made a deposit but the money is not reflecting in my account

    Please call our Customer Care for assistance on email at info@bloomloansltd.com or call +1 917-970-1255

  • How can I join Bloom Loans?

    By visiting our website or the nearest Branch for account opening

  • Who are your target customers ?

    Any individual (young or old), organized and registered Self Help Groups, churches, institutions and corporates.