Corporate Loans

  • The loan is granted for income generating activities of the Corporate and repaid within a maximum period of 60 months. 
  • Interest charged at 1% per month on a reducing balance method. 
  • Granted at 4 times the deposits. 
  • Loan application must be supported by at least a 6 months certified bank statement, a projected cash flow statement for the duration of the loan repayment, a resolution of the Directors to borrow, three years audited Financial statements, Business case analysis, personal guarantees of the directors, 
  • Loan can be secured by either guarantors or clean title deeds, motor vehicles or any other acceptable collateral assets 
  • The Board may request for further details as it deems fit.