FEATURES

• Monthly repayment
• Highly competitive interest rate
• Quick access to facility
• Maximum tenor of 12 months

ELIGIBILITY

• Borrower must have an account with the bank
• Borrower must be a business owner with regular income
• Borrower must be between the age of 18 and 65 years
• Business must be in existence for a minimum of 1 year

REQUIREMENTS

• Duly completed loan application form
• Provision of a valid means of identification of the borrower and guarantors
• Recent utility bill not more than 6 months
• Two recent passport photographs of borrower and guarantors
• Six months bank account statement up to application date of the borrower and guarantors
• 10% equity contribution
• Two eligible guarantors
• Two duly signed cheque leaves of the borrower and guarantors
• Adequate collateral
• MEMART, Certificate of Incorporation and Board Resolution (for corporate borrowers)