Loans secured by cash
Credit Facility Limit
- 80% of the cash collateral
Security
- Cash
Interest Rate
- Rate + Risk-Based margin
Penalty Interest
- Base Rate + Risk-Based margin + 10% (for non-payment)
Facility Fees
- Processing fees 1% min MWK17,400
- Disbursement fees 0.5% of the loan
Term
- Maximum of 24 Months
Requirements
- Client should open a Fixed deposit account or investment account and maintain a transaction account