Qualification and Requirements

 Target
 Both individuals and corporate customers (Companies)

Requirements
 - 6 months active account.
 - Deposit of 3 months premiums.
 - Insurance policy rights credited to the bank
 - Audited accounts, management accounts, 12 months, cashflow projections
 - Memorandum / Articles of Association and Board Resolution to borrow

 Facility amount
 As per Insurer’s invoice

 Purpose
 Payment of insurance premiums

Interest rate
 Risk Based

 Term
 9 months

 Characteristics
 - Interest repayment on reducing balance basis

Availability
 At Head Asset Finance Department at Head Office

Benefits
 - Flexible soft collateral.
 - Can obtain parallel loans if you have an excellent credit record.

Coronavirus (COVID-19) Update

NBS Bank plc would like to assure all customers that it has business continuity plans that are in place to ensure an appropriate response to any situation that can cause a distruption to the business, including the COVID-19 Outbreak.

 
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