Credit facility for individual customers
Interest Rate
- Base Rate + Risk-Based margin
Cost to Access Facility (as per current Tariffs)
- Processing fee of 2%
- CRB Fee
- Retrenchment Cover of 0.2%
- Life Cover of 1.74%
Term
- Maximum of 60 Months
Security
- Cash or Real Estate
Requirements to access the loan
- Income to instalment ratio of not more than 50%
- Must have a salaried account with the bank maintained for at least one year
- Letter of undertaking from the employer
- Three recent payslips
- Proof of residence (water or electricity bill)
- Valid National ID
- Clean CRB report