BANK GAURANTEES

A written undertaking by the bank at the request of the client in favour of a beneficiary for supplying goods or services.

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FeaturesRequirementsApply Now

Features

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.

Benefits

  • Ability to transact through a third party
  • Unlimited access to the account
  • Access to other bank products and services including loans

Requirements

  • 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

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