BUSINESS LOANS (Small and Middle Enterprises)

Aim at untrapping the society from economic barriers by initiating and running business/projects such as farming, animal husbandry, fishery, mining, hotel, tourism, food processing, construction and production.

Types of loans for running a project/business

• Overdraft/Revolving facility.
• Advances/Fixed Term Credits.
• Lines of Credits.
• Bills Negotiated Credits.
• Packing Credits.
• Local Acceptances Credits.
• Foreign Acceptances Credits.
• Foreign Guarantees Credits.
• Local Guarantees and Indemnities.
• Instalment Loans.

Guarantee and Loan Conditions:

• Property with untransferable ownership registration.
• Value of property must exceed the value of the loan at least by 30% (for untransferrable property) or (75% for transferrable property).
• Third party guarantee can be accepted if the applicant’s is insufficient.
• The guarantee must have been insured against fire, accidents, theft or robbery.