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.