Main features

• Business/economic activity
  
  
• Application fee 10,000
  
  
• Interest rate of 2.16% per month, flat rate
  
  
• And 3.16% declining for loans above 3,000,000
  
  
• The Loan size shall have a limit of 20 Million
  
  
• This loan product shall have a maximum period of 24 months
  
  
• Repayment frequency is monthly with 1 month grace period
•  Insurance on all Loans against death and disability: 1% of loan disbursed on loans below one year and 1.5% of loans above one year.

Requirements

• Application fee 10,000
  
  
• Collateral which must be in form of Loan Security Fund and Physical Items eg. land titles, log books, sales agreements and collateral substitutes.
  
  
• 5% initial deposit refundable after loan repayment
  
  
•  Loan processing fee of 4%