For distributors
What will this facility cost me?
Type the numbers from your own term sheet or quotation. Full schedule, total cost, in shillings. No account, no email, and nothing you type is sent anywhere.
What this page is, and is not
An illustration worked from the numbers you enter. It is not a quotation and not an offer. Your financier’s terms govern: the rate or profit, the fees, the tenor, how you repay and what secures the arrangement are set in your own agreement, and the figures you are shown there are the ones that bind. Results are rounded to the nearest shilling.
If the arithmetic here and your term sheet disagree, the term sheet is right and the question to ask your financier is why.
Which structure is yours
You obtain stock you could not fund outright, and you pay later. Whether that is a credit facility or a purchase and resale at a disclosed profit depends on the program: they are different contracts with different obligations, and yours is named before you draw.
Next
The cost is one question. Who owes the money, what is reported to the credit reference bureaux, and what happens if you do not pay are the others, and they differ between the two structures.
Read the product your program uses: distributor finance or Shariah-compliant dealer finance.