Demand Loan
This product is designed for the purchase of Raw materials, to finance inventory, to meet recurrent expenditure.
Maximum loan amount & repayment period
- Maximum repayment period – 12 mths
Debt service ratio
45%
- Total loan is to be paid off at the end of the 12 mths as lum sum payments will be paid from the cash flow
- Maximum repayment period will be determined by the nature of risk and equity as per business proposal
Interest rate
9% per annum on straight line
