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