HYPOTHECATION FINANCING

  • Customers can provide Invoices and Contracts of machinery as collateral.

Loan period

  • 12 Months

Fees & Charges

Interest Rate  12% per annum
Service Charges  1%
Late Fees  5000 ks

Required Documents

  • Valid company registration, import/export license
  • Form (E),Form (6) & Form (26)
  • Board of Directors’ Resolutions
  • MOA & AOA
  • Business operating license
  • Profit & Loss Statement, Balance Sheet
  • Tax slips
  • Photos of business
  • Copies of NRC, Household registration and one passport sized photo
  • Recommendation from respective ward/village
  • Invoice of machinery and contracts
  • Appraise the collateral and to have fire insurance