Purpose: Primarily for purchase of stock for festive period but may also be used for holiday pay and other business expenses related to the festive season.
Amount: K25,000 to K100,000 – Small and Medium Enterprises (SME) - K10,000+ per month in sales K100,000 to K1,000,000 – Corporate Clients - K500,000+ per month in sales
Term: Maximum term 6 months
Application Fee: Waived
Monthly Loan Fee: Waived
Interest rate: SME- 4.2% to 5.2% fixed per month depending on lending risk profile Corporate – 3.0% to 4.2% fixed per month depending on lending risk profile
Repayment: Interest only paid monthly, followed by lump sum clearance at expiry of agreed term
Assessment and Decision: within 72 hours of receipt of all required information
+ May not be required for corporate customers defined as applicants with minimum K500,000 in monthly sales.
+ May not be required for listed companies or major corporate clients depending on lending risk profile.
Either email your application to: firstname.lastname@example.org OR lodge in person at our Head office located in Kunai Street Hohola (opposite RSPCA).Apply Now