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Biz Loans PDF Print E-mail

Biz Loans

Ideal for any Salary earner who needs finances to purchase assets

Main Features

  • Interest charged Per annum on reducing balance
  • Minimum loan amount of 100,000/=, Maximum Loan Amount is 10M/=
  • Repayment period of 1-24 Months
  • Lending arrangement fee 2%
  • Monitoring fee
  • Arrangement fee of 2%
  • Insurance fee
  • Loan application fee of 20,000/=
  • Insured loan.
  • Repayment period of 1 month to 24Months
Benefits
  • Top up Loans available
  • Competitive interest rates
  • Flexible repayment periods of 1 to 24Months
  • Insurance pays off loan in case of serious injury or death
  • Even non customers can apply as long as they have been banking else where
  • A customer can apply for loan from any branch country wide
Basic Requirements
  • Must be PostBank Account Holder
  • Non Customers can provide bank statements for the last 6 months from their current bankers or audited accounts
  • Business operational for at least 6 months
  • Business registration documents
  • Two guarantors not necessarily PostBank Customers
  • Adequate security requirements for borrowings

 
 

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