
This is a written undertaking by the bank at the request of the client in favour of a beneficiary for supplying goods or services. The bank agrees to pay the third party in the event that the client fails to meet his/her obligations. These include;
- Bid bonds
- Performance guarantees
- Advance payment guarantees
- Demand guarantees
The applicant should be an existing account holder with Housing Finance Bank and the facility is extended to a period of 12 months.
Features and benefits:
- benefits of bank guarantee
What you need to get started:
- Application form
- Proof of identification either a driving permit, valid passport or identity card
- 2 Passport photos
- Audited accounts
- Registration certificate, Articles and memorandum of Association, resolution to borrow for companies, partnership deed for partnerships and minutes indicating a decision and authority to borrow for Associations
- You should hold an account with the Bank