Skip to main content

National Development Bank – NDB

Loan Calculator    Tariffs and Rates    Downloads   Update Your KYC

Give Us Feedback   Report Fraud   Talk to Customer Care

National Development Bank

 Call Us On 395-2801

Development House, Main Mall, Queens Road

 Business Hours

Mon – Fri: 08:00 to 15:30, Sat -Sun: CLOSED

Retails Solutions
Commercial Solutions
BancAssurance
Menu
Contact Centre

Vehicle and Asset Finance

null

Finances companies to acquire assets such as machinery, vehicles and other equipment.

Purpose

Whether you’re expanding your fleet, upgrading equipment, or investing in productivity, VAF delivers structured financing designed to keep your business moving and growing.

Why It Matters To The Client

Vehicle & Asset Finance

Vehicle and Asset Finance is designed for businesses that need to act  – not wait.

Immediate Access To The Vehicles

It gives you immediate access to the vehicles, machinery, or equipment that drive revenue and operational efficiency.

Preserve Liquidity

You can preserve liquidity while still investing in the assets that power your business performance. This means faster execution, improved output, and the confidence to take on bigger contracts or new markets.

Right Assets in Place

With the right assets in place your business stays competitive, responsive, and positioned for sustained growth.

Product brief

Power your business with the tools it needs to move forward.
Vehicle and Asset Finance provides flexible funding to acquire the vehicles, machinery, and equipment essential to your operations.

Click to apply

Find a business advisor near you

We have a network of 4 branches and 23 satellite offices across Botswana

Locate the nearest branch

Product Features

  • Financing from P10,000.00
  • Repayment period: Up to 7 years for new tractor, Up to 5 years for new farm vehicles.
  • 10% upfront contribution cash towards purchase price for new vehicles or assets
  • 30% upfront contribution cash towards purchase price of pre-used 5 years old vehicles or assets.
  • Secured against vehicle or assets being bought.

Requirements

Requirements for Asset Finance

  • KYC update Form to be filled by all shareholders/directors of the company.
  • Certified copies of National Identity Cards (Omang), or certified copies of passports (for non-citizens) for all shareholders/directors.
  • Copy of Marriage certificates if shareholders are married and marriage instrument.
  • A copy of a residence permits and work permits (non-citizens).
  • Tax clearance certificate for the company.
  • Proof of residence for all shareholders/directors.
  • A copy of work permit(s) for all company employees who are not citizen or an alternative (i.e. Waiver).
  • Current Pay slip for Shareholders/directors and letter of employment or letter from company secretary specifying that the individual is a shareholder but does not earn salary from company, however they earn dividend annually (specify amount).
  • All company documents including share certificates, tax clearance certificate, operating licenses or A constitution, partnership agreement for partners, syndicates and trusts (trust deed) (In addition NDB may require a management plan).
  • Confirmation of Physical Address e.g. utility bill or confirmation from company secretary.
  • Company profile explaining what the business does. Include competitive analysis of your business.
  • Transactional account’s 6 months Bank statement. For seasonal business, 12 months bank statement.
Download PDF