HYPOTHECATION FINANCING
- Customers can provide Invoices and Contracts of machinery as collateral.
Loan period
- 12 Months
Fees & Charges
| Interest Rate | 14.00% per annum |
| Documentation Fees | 1.00% |
| Penalty Fee | 14.00% |
| Late Fees | 5,000 ks |
Required Documents
- Valid company registration, import/export license
- Board of Directors’ Resolutions
- Business operating license (Copy)
- Profit & Loss Statement and 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
- Business Plan