AFCL Premium Services Limited (AFCL) is a privately owned company, providing solutions for end customers to acquire assets/vehicles from Tata International Africa distributors in the high-growth markets of Africa.
AFCL, founded in November 2017, has evolved into a leading specialist company that provides short-to-medium repayment terms for customers acquiring assets/vehicles from Tata International Africa distributors.
We pride ourselves in upholding the highest ethical standards in the way we conduct our businesses. Supported by a team of industry experts, AFCL strives to provide the best service and repayment term solutions to its customers.
AFCL currently has a presence in six African countries, which includes South Africa, Zambia, Kenya, Tanzania, Ghana and Nigeria.
AFCL is in the process of setting up operations in Senegal. AFCL further plans to expand into Ivory Coast and Uganda.
Products
AFCL Repayment Term Agreement: The team at AFCL are specialists with a unique understanding in providing flexible and affordable repayment terms with minimal deposit requirements over a 12–36 month tenure*. We charge competitive and market related interest rates on a reducing balance over the repayment tenure. Repayment term agreements are available in USD or local currency*.
Leases: AFCL also provides off-balance sheet lease programs in selected countries* with the flexibility to manage working capital in a fast-paced business environment.
* Terms and Conditions apply and is subject to availability per country of operation with final consideration and approval by AFCL.
Our Vision
Be the preferred financier of choice for Tata International Tanzania clients.
Benefits of using AFCL Financing
Easy and simple credit application: The requirements are straightforward with minimal documentation required for AFCL to make an informed credit decision.
Quick credit approval: AFCL understands that time is money in today's fast-paced business world. Delays in approvals can be expensive for customers.
Satisfied client: What is more important than keeping customers satisfied with easy and simple application and credit processes?
Convenient and Flexible repayment structures: AFCL enabled clients to determine the funding period, as they are aware that cash flow is the livelihood of a business. Packages are structured to support a healthy cash flow to promote the growth of a business.
Access to a dedicated relationship officer: With AFCL customers are assigned to a dedicated and professional relationship officer who will focus on their specific needs and application.
Security
AFCL uses the asset/vehicle as collateral for the repayment term. Security of the asset/vehicle will be held in the name of AFCL for the tenure or period, or until settlement of the loan is fully discharged.
