Commercial Loan

 

Commercial Loans are loans granted for business purposes to individual or corporate borrowers. Commercial loans include different types as bellow :

 

Overdrafts facilities:

Overdrafts facilities are loans with a duration of up to one year allowing the borrower to draw down amounts within the overall approved credit line.

 

Fixed Loans

1. Short Term Loans are loans up to 12 months. These loans are for working capital purposes. Repayment of the full amount is required at maturity date.

 

2. Long Term Loans are loans granted for machinery and equipment investment and other purposes over 1 year (generally up to 4 years). Long term loans are on amortizing basis.

 

Interest rate / fees are very competitive, in general calculated on a monthly basis, details need to be discussed with our Commercial loan management / loan officers.

 

Letter of Credit Facilities

We offer documentary letter of credit facilities to qualified corporate or individual business loan applications for up to one year (exceptions possible). Facilities include documentary import letter of credit, export letter of credit and trust receipts.

 

Other Bank Guarantee as such :

Bid Security, Advance Payment Guarantee, Performance Guarantee, Bank Confirmations and references, Retention Guarantees, among others .