Term Loan

Granted to be repaid within a prearranged repayment period of time with interest and Paid in a lump sum, monthly, quarterly, semi-annual or annual installments.

Short Term Loan

  • Repayable within 12 months.
  • The loan period is short and self-liquidating in the sense that it generates its own repayment.
  • Used in financing seasonal increase in current assets
  • purchase of raw materials/merchandise
  • No grace period for such loans, but flexible and relaxed repayment term

Medium Term Loan

  • To be repaid between 13 to 60 months (including) grace period.
  • Expected in financing medium term working capital needs and acquisition and/or leasing of fixed business assets (buildings, leased land, machinery, equipment, public transport vehicles, trucks and trailers, etc.),
  • To facilitate the establishment of new projects and the expansion of existing ones
  • If not for working capital purposes, such loans request hall be supported by feasibility study, cash flow projections, and/or projected financial statements.
  • The repayment of medium term loan is usually scheduled on a periodic repayment or installment, based on the cash flow of the business.
  • Grace period based on the justification provided in the feasibility study and/or business plan.

Long Term Loan (Investment credits)

  • Generally extended for capital formation through asset creation.
  • Investment loans bring technological upgrading resulting in increased production, productivity, and incremental income to the borrowers.
  • Intended to create income-generating assets in real sectors of the economy.
  • provided over a long-term period of 5 to 15 years
  • mainly aimed to finance businesses that are projects in nature, viable and profitable projects
  • Purpose includes project financing, backing start up working capitals, purchase of construction equipment, or other physical assets.

Open a Bank Account Online Today

Need more help?

8980
251 115-57-12-54
251 115-57-13-24
Call us, we’re available daily 9AM to 11PM

Already a customer?

You can find branches near you here or contact us for information here

Try Our App

A full features banking mobile app for bussiness & personal use.

Mar 18, 2024 EXCHANGE Rate
Currency Buying Selling
USD
56.5528 57.6839
GBP
68.8763 70.2538
EUR
61.5973 62.8292
AED
13.9361 14.2148
SAR
13.6466 13.9195
CHF
61.2126 62.4369

Exchange Rate
Close