Financing in the form of overdrafts given to corporate & business customers for up to 1 year.
Working capital loans
Short term loans given in the form of overdrafts given to corporate & business customers for up to 1 year.
Benefits
- Flexibility-the customer can draw as little or as much of the overdraft facility as it needs from time to time, so long as the limit is not exceeded.
- Low cost-Since interest is charged on the overdrawn balance on a day to day basis, the cost of borrowing is minimized.
- Improves the customers’ liquidity position.
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Seasonal Loans
Short term loans given to corporate & business clients for up to 6 months so as to be able to service a particular need e.g. buy inputs for farming, printing.
Benefits
- Repaid over a short period of time.
- Quicker approval and disbursement process.
