Business Term Loans
A Business Term Loan is a customised loan for a fixed term and is repaid over a period of up to five years with predetermined monthly or quarterly installments.
What does it offer you:
- Financing of long-term fixed assets and business growth
- No need to take money out of your business for long-term investments
- For monthly repayment, we offer equal monthly instalments to make it easier to plan effectively
- No minimum or maximum loan amount
- Loan term of up to five years.
What youd need to apply:
- Business registration documents
- Six months’ statements from another bank
- Three years’ financial statements and cash flows
- Accepted collateral includes, but is not limited to, landed property, cash or investments (Treasury Bills) and Bank Guarantee from a reputable bank
- Favourable credit bureau report
- You may need to meet other conditions or give us more documents subject to specific borrower conditions.