CenteAgricultural Special Scheme Loan
Product Features
- Minimum loan amount UShs. 500,000 and maximum UShs. 500 million.
- Flexible loan periods of up to a maximum of 24 months.
- Processing fee of 2.5% of the facility amount.
- Interest charged on declining balance basis.
- Flexible and regular repayment frequency.
- Disbursement of loans above UShs. 300 million subject to approval from partner.
- Roll Overs are acceptable, but the client must have serviced more than 50% of the current loan.
- Loan Restructuring only with approval of partner.
Benefits
- Speedy processing (within 48 hours).
- Low interest rates.
- Flexible repayment plans and grace periods based on borrower’s cash flow.
- Loan period of up a maximum of 24 months.
- Collateral cover of 50% security requirement.
Requirements
- Current or Savings bank account
- Completed loan application form.
- Loan processing fee of 2.5%.
- National ID.
- Verifiable source of income to service the loan.
- Customers business premises should be located within the branch designated area.
- Secured with a combination of securities: moveable, immoveable and guarantors.
- Have less than 50 employees
- Annual sales turnover of less than UShs. 4 billion.
- Total assets of less than UShs. 2.5 billion.