This product is designed for institutions such as Schools, Hospitals, traditional authorities, etc.
- Accessible by Institutions who have an account with the Bank.
- Negotiable interest rate
- Flexible terms and conditions.
- The loan amount is dependent on the ability and capacity to repay.
- Competitive interest rate
- Resolution to borrow (in the case of limited liability companies)
- Application letter for a loan
- Valid national identification of authorised signatories to the account
- One passport-sized photograph of authorised signatories to the account
- Provision of all relevant documents to be used as security for the loan amount
- Audited account, cash flow statements (limited liability companies)
- Allows for infrastructural development
- Helps in the purchase of school buses/ vehicles and school learning equipment
- Augment working capital such as payment of salaries