In our quest to deliver superior and value-adding service to all ASAIPA members we entered into an exclusive agreement with Iemas Financial Services (Co-operative) Limited to provide you with competitive financial products and services.
Iemas is a Co-operative which means its members (the employees/members of participating organisations who use Iemas products) become the owners of the organisation, like shareholders of a company, but with the main difference that a member can only have one vote. To become an Iemas member a person must utilise any of the wide range of products and services offered by Iemas.
Iemas Supplier Info
Purchase Card Info
Co-operative organisations differ from other businesses in three key ways:
The Iemas profile:
- Iemas is a registered financial services (FSP 15815) and credit provider (NCRCP 1332) with a 79 year track record;
- Iemas has an agreement in place with ASAIPA, to offer various financial products and services to ASAIPA members.
Iemas’ financial products and services available to you as an ASAIPA member:
Benefit payment calculation example on vehicle finance
When financing a vehicle through Iemas you will, as an Iemas member, receive an annual benefit payment (2015/16 = 10% on interest paid throughout the year)
|Interest rate:||10.5% (current prime rate)|
|Annual Iemas benefit:||10% on interest paid|
Total interest payable for the term of financing contract = R123,230.00
10% member benefit payment on interest earned for the term of financing contract = R12,323.00