Commercial/SME/corporate Loans
These are loans and/or overdraft facilities extended to SMEs and Corporates engaged in
profitable business activities in a variety of sectors including trade and commerce,
transport, manufacturing and processing, fishing, building and construction, health, tourism
and recreation.
Types of Commercial/SME/Corporate Loans include:
- Working Capital Loans - Maturity/Tenor is one year e.g. overdrafts, short term loans e.t.c.
- Development loans – Both short and medium term with maturity period of up to 5 years e.g.
Real estate dealers, industrialists, school construction e.t.c.
- Trade finance loans for handing payments in trade, bid bonds, guarantees for advance
payment, Import loans e.t.c.
- Agricultural loans for financing business agricultural activities in production and processing.
- Letters of Credit to finance import trade.
Basic Requirements:
- Savings or Current account with the Bank.
- Applicant must be resident within the branch designated area of operation.
- Securities include: registered mortgages on immoveable property and guarantees.
- Application fee of UShs. 20,000 and Shs. 50,000 for commercial and corprate loans
respectively
- Completed loan application form.
Benefits:
- Faster processing speed.
- Flexible repayment plans i.e. monthly, bimonthly or quarterly.
- Multiple disbursements offered to accommodate different stages of business activity.