Qualification and Requirements

Target
Both individuals and corporate customers (Companies)

Requirements
- 6 months active account.
- Deposit of 3 months premiums.
- Insurance policy rights credited to the bank
- Audited accounts, management accounts, 12 months, cashflow projections
- Memorandum / Articles of Association and Board Resolution to borrow

Facility amount
As per Insurer’s invoice

Purpose
Payment of insurance premiums

Interest rate
Risk Based

Term
9 months

Characteristics
- Interest repayment on reducing balance basis

Availability
At Head Asset Finance Department at Head Office

Benefits
- Flexible soft collateral.
- Can obtain parallel loans if you have an excellent credit record.