REQUIREMENT FOR S.M.E LOAN
Account Opening recurrent account 5,000, Corporate 20,000
2 Passport Photograph
Utility Bill & ID Card
Bank Statement (6months)
Guarantors 1 passport each and ID Card.
Guarantors postdated cheques.
Customers postdated cheques.
Management Fee: 5%
Credit Search Fee: 2,000(current account)
Credit Search Fee: 3,000(corporate account)
Application Fee: l,000
Interest Rate: 7-8%
For Corporate Account: CAC Document, Board Resolution, Certificate of Memorandum, CAC 02 & 07 ETC.
(Corporate Account holder should write application letter on the letter head.