SME/CORPORATE Loans & Overdraft

We extend business loans, in the form of overdrafts or term loans, after detailed consultations with you.
This ensures that the facility given to your business is the most appropriate and cost-effective for its purposes. Loans and overdrafts are available in Uganda Shillings as well as in other major currencies.

Our relationship managers have in-depth industry sector expertise. They will assist you to structure a loan to suit your business needs. This allows you to spend less time on paperwork and more time on your business.

Asset Financing

These loans are advanced to individuals/corporates and salaried employees with good business background and
repayment capacity for either purchase of motor vehicles or machines.

Maximum repayment period is 48 months

See Requirements

Insurance Premium Financing

These loans are meant to help the client to acquire the desired insurance cover paying a small portion of the premium aid taking a loan for the balance.

The Bank tops up the amount paid by the insured and pays the gross amount directly to the insurance company and thereafter recovering the loan plus interest within the policy period.

The maximum tenor for each loan shall be ten (10) months

See Requirements

Guarantees

Guarantees shall include all forms of guarantee commitments issued by the bank, bid bonds,
advance payments guarantees, performance guarantees and financial guarantees

All guarantees shall have a fixed expiring date and amount

See Requirements

Overdrafts

These facilities are offered to our clients to assist them meet their day to day working capital requirements

It would be running (operative) facility where a business will deposit its sales receipts and withdraw funds to the maximum limits of overdraft permitted.

Maximum tenure is 12 months but renewable on satisfactory performance after expiry of tenure.

See Requirements

Invoice/ Bills Discounting

This is intended to finance genuine trade bills (Bank shall obtain an assessment on the anchor client) and from time to
time approve a list of anchors with which bills/invoices can be obtained

  • Amount advanced to be up to 80% of the value of the bill
  • A maximum period of 90 days to be permitted
  • Repayment on maturity of trade bills
  • Invoice discounting allows a business to draw money against its sales invoices before the customer (reputable company)
    has actually paid to meet working capital requirements.

See Requirements

Term working capital loans

These loans are basically advanced for the purchase of assets & the client may choose to pay through either equated or non-equated installments to suit the individual requirements.
Extended for financing specific transactions or projects

  • Interest linked to the Bank’s Base Lending Rate or Foreign Currency Base Lending rate (for foreign currency), charged quarterly
  • Available in Kenyan Shillings, US Dollars, GB Pounds and Euro

See Requirements

Documentary Credit

These loans are basically advanced for the purchase of assets & the client may choose to pay through either equated or non-equated installments to suit the individual requirements.
Extended for financing specific transactions or projects

  • Interest linked to the Bank’s Base Lending Rate or Foreign Currency Base Lending rate (for foreign currency), charged quarterly
  • Available in Kenyan Shillings, US Dollars, GB Pounds and Euro

See Requirements

Full Requirements

  1. Business Loans Application Form duly completed.
  2. PIN Certificate of the applicant.
  3. ID copies and PIN certificates of the directors.
  4. Director’s resolution to borrow.
  5. Audited financial accounts for the last three years
  6. Business latest management accounts with current aged debtors and creditors.
  7. Copies of the security documents e.g. title deed, logbook etc.
  8. Copy of the valuation report, if available.
  9. Copy of the letter(s) of offer and certified loan account statements from other institutions, if enjoying other facilities.
  10. Bank statements for the last six months, if banking elsewhere.
  11. Sketch map of physical location of the business premises.
  12. Cash flow projections for next 12 months.
  13. Copy of the business registration certificate (business names).
  14. Copy of the certificate of incorporation (limited companies).
  15. Copy of the memorandum and articles of association (limited companies).
  16. Latest returns to the registrar of companies.
  17. Details of Securities offered