Asset Based Financing Scheme

Service/ Product Target (Who is the user in mind)

Salaried and high net worth Customers who own property within city /town boundaries

Product Attributes/ Features: How Does The Product Work?

• Max - Dependent on financial capacity of the customer and up to 85% of market value of property offered as security
• Maximum repayment period of 60 months
• Repayment amount not to exceed 35% of salary/income
• Customers qualify for high amounts.
• Pricing is low with a minimum at RBM reference rate +6.1% pa

Costs To Access The Troduct

• Minimum interest rate of RBM reference rate +6.1% pa
• Processing fees apply
• Professional, Stamping and registrations fees

How To Access Product

• Fill a credit application form
• Submit latest payslip
• Submit letter of undertaking from employer
• Copy of valuation report.
• Copy of title document
• Utility Bill
• Sketch map
• Latest trading accounts (For customers relying on business proceeds)
• Business Registration Certificate (For customers relying on business proceeds)
• Projeted cash flows for at least 12 months (For customers relying on business proceeds)

Terms and Conditions

• Customer to provide evidence of payment of city and ground rates
• House to be insured with Bank interest noted
• Bank to register a caution and charge before advancing funds
• Customer to provide for repayment