PRODUCT PURPOSE/DESCRIPTION
This is a term facility available to businesses and Individuals in business to finance expansion/diversification.
| Loan amount | • No Minimum loan amount |
| Security | • As per collaterals defined in the Bank’s Credit Risk Policy |
| Maximum tenor | • Capital expenditure (CAPEX): 5 years
• Working capital: 3 years |
| Method of Repayment | • Amortized over the tenor of the loan. Loan Repayment to include loan principal plus Interest amount. |
| Documentation | • As per the checklist |
BENEFITS
- Flexible repayment period based on the borrowing purpose and cash flows
- Equal monthly repayments thus management can easily plan on the monthly obligations