CenteAgricultural SME & Corp Loans
Product Features
- Maximum loan amount of up to UShs. 45 billion.
- Maximum loan period of up to 10 years; minimum flexible.
- Interest rate charged on reducing balance.
- Repayment frequency/ pattern agreed with each customer, basing on the business cashflows.
- Grace periods of up to Twelve (12) months, applicable on a case-by-case basis.
Benefits
- Faster and easy way to access business funds.
- Attractive interest rates.
- Flexible repayment plans.
- Multiple disbursements can be done.
Requirements
- Application and Supportive documents.
- Current or Savings Bank account
- Completed loan application form.
- Payment of loan processing fees.
- National ID.
Non-individuals.
- Certificate of registration/incorporation
- Memorandum and Articles of Association or Partnership Deed
- Company profile
- Registered borrowing resolution
- Financial statements for at least the last 3 years (Balance Sheet, Profit and Loss Accounts) audited by a registered and practicing CPA firm.
- Projected cash flow statement
- Statement of Assets and liabilities dated within 3 months of application date.
- Copy of Title Deed or other asset(s) being offered as security.
- Copy of valuation report (dated within 4 years of application date), done by the bank’s approved valuers.
- Curriculum Vitae of the proprietor/Partners/Directors/Guarantors.
- Bank Statements for the last 12 months.
- Approved plans and bills of quantities for construction projects where applicable.
- Valid license for the business being undertaken.