Features & Eligibility

• Minimum loan amount requirement: 1 million
• Maximum loan amount requirement is below 100 million
• Repayment period maximum is 2 years depending on collateral offered
• Repayment mode is bi-monthly and quarterly depending on a client’s business cash flow cycle

Requirements

• Application Form
• Business Trading license.
• Bank Statement for at least 6 months.
• Cash flow projections for at least 12 months – to be prepared by the Bank’s Relationship Managers after looking at basic source documents, interviewing the customer and visiting the client’s business premises.
• Copy of Valuation report prepared by a bank-approved valuer(s) where applicable.
• Client to sign affidavit in addition to land sales agreement
• Spousal consent for all security where applicable

Acceptable Securities

• Title deeds
• Equitable mortgage
• Discounted FDs/TBs
• Motor Vehicles
• Plant and Machinery
• Kibanja agreements
• Movable Chattels
• Lockup titles (sub-leases and certificates issued by the municipal)
• Stock of goods where applicable
• Guarantors will be required where necessary
• Credit life insurance for customers with movable collateral(where applicable)