Business Loan

Parameter Remark
Purpose Financing Commodity/Assets
Target Groups Traders/Businessmen carrying business activities
Facility Type Short Term Loan
Limit Max 90% of the cost of the goods within our single borrower exposure limit.
Tenor Max 12 Months
Rate of Interest Flat 3% Interest per month or 5% PM on reducing balance
Repayment Monthly Instalments
Documents Required

   National ID/ Passport

   2 Recent Passport size photographs

   Copy/ies of Invoice evidencing purchase

   Proof of carrying on business

   Guarantor of substantial means

Processing Fee 1% of the loan amount
Insurance 2% of the loan amount
Administrative Charges 1% of the loan amount
Margin Money 10% of the Loan Amount

Updated on : 1/ 1/ 2018