Commercial Loans are loans granted for business purposes to individual or
corporate borrowers. Commercial loans include different types as bellow :
- Overdrafts facilities:
Overdrafts facilities are loans with a duration of up to one year
allowing the borrower to draw down amounts within the overall approved
credit line.
- Fixed Loans
1. Short Term Loans are loans up to 12 months. These loans are for
working capital purposes. Repayment of the full amount is required at
maturity date.
2. Long Term Loans are loans granted for machinery and equipment
investment and other purposes over 1 year (generally up to 4 years). Long
term loans are on amortizing basis.
Interest rate / fees are very competitive, in general calculated on a
monthly basis, details need to be discussed with our Commercial loan
management / loan officers.
- Letter of Credit Facilities
We offer documentary letter of credit facilities to qualified corporate or
individual business loan applications for up to one year (exceptions
possible). Facilities include documentary import letter of credit, export
letter of credit and trust receipts.
- Other Bank Guarantee as such :
Bid Security, Advance Payment Guarantee, Performance Guarantee, Bank
Confirmations and references, Retention Guarantees, among others .
|
