Short-term working capital loans provide fixed lump sums with an agreed repayment period of up to 2 years.
Such loans are repaid on a monthly or quarterly basis as agreed between the bank and the customer.
Interest is calculated at an agreed rate on the full loan amount or the principal outstanding.
How will my business benefit?
With a short term loan, separate loan account will be opened for your business and the loan funds are transferred to your operating current account.
Repayments can be made on a regular basis without affecting the cash flow of your business operations.
All corporate customers with short term financing needs e.g. bulk purchase of raw materials, purchase of produce for export, payment for imports etc.