Credit facility whose funds are available in the checking account. Generally this type of facility is guaranteed with a fixed deposit or savings account.
The approved amount and availability varies according to the company and compliance with the terms and conditions of approval.
- Agility in the provision of funds
- Monthly interests payment on the used balance
- Up to one (1) year, renewable at the option of the Bank
- Monitoring through Online Banking
- Corporate Banking established customer
- Audited Financial Statements of the last three (3) years
- Good credit references
- Provide cash guarantee or a mortgage acceptable to the Bank
- Present appraisals of the goods given in guarantee
Once approved the credit facility we will require additional documents