Different Kinds of Personal Loans ABC Capital has to offer you!

Different Kinds of Personal Loans ABC Capital has to offer you!

ABC Capital Bank offers both Personal and SME/ Corporate loans but In this article, we are focusing on the different kinds of loans under ABC Capital Bank.

Personal Loans may be used for virtually any expense (from buying something new to paying bills).The Loan process is convenient with a simple application, affordable monthly payments, quick decisions and outstanding customer service. Even better, our loan processing is fast, with no sweat at all! Approvals (or denials) are generally granted within a few days.

Whatever your financial need is,

Here are the 7 different kinds of Pesronal loans at ABC Capital Bank

  1. Overdrafts

We extend overdraft facilities to enable you meet your day to day cash flow gaps as you await settlement of your receivables. We work closely with you to put the right limit for you. This working capital a facility is reviewable every year.

  1. Salary Loan

ABC Capital Bank salary loan will help you meet unexpected expenses in the course of the month. It is also available to our customers who have their salaries or regular income paid through us. Requirements (link)

  1. 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

  1. Term working capital loans

We offer both short and medium ( not more than 6 years) term Loans to finance specific capital expenditure. It may be for expanding your business, renovating your home, acquiring offices or new home or paying your short term Capital expenditures. We tailor our loans depending on the purpose to meet customers’ expectations.

  1. Invoice/ Bills Discounting

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.

 

  1. Insurance Premium Financing

We offer Asset Premium Finance whereby we pay the premium directly to the insurance company and you pay the loan in installments.The insurance company underwriting the policy must be approved by the Bank.

  1. Documentary Credit

Documentary credits are commitments on your above to the seller that we shall pay provided that the terms and conditions are met.

We offer this product via:

  • Import Letters of Credit
  • Guarantees and standby letters of credit
  • Avalised Bills of Exchange

With the above seven kinds of Personal Loans available to you, ABC Capital Bank will find the loan that is right for you whatever your financial need is.

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