Available to large organisations and multinational companies to finance business expansions or operating expenses.
Corporate - Business Loan
- Interest rates of 16-18% flat
- LACE 2%
- Loan amount above Tshs. 500,000,000
- Maximum repayment period of up to 36 months
- Flexible repayment period-monthly, depending on cash flow cycle
- Flexible security requirements i.e. log books, title deed, residential license, debentures, shares, Treasury Bills, etc
- Credit Life Insurance
- Should be an account holder with Equity Bank for at least 6 months
- Registered business
- Permanent business locations
- Acceptable securities
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Corporate - Development Loan
Available to large organisations and multinational companies for project financing.
Corporate - Business Overdrafts
A facility or limit marked on a customer’s current account, allowing it to be overdrawn up to a certain amount to finance shortfall on working capital.