PLEDGE FINANCING
- Customers can pledge Houses/Buildings as collateral.
Fees & Charges
| Interest Rate | 14.00% per annum |
| Documentation Fees | 1.00% |
| Penalty Fee | 14.00% |
| Late Fees | 5,000 ks |
Required Documents
If the applicant is personal
- To open Current Account
- Copies of NRC, Household registration and one passport sized photo
- Profit & Loss Statement, Balance Sheet
- Tax slips
- Business operating license
- Photos of business
- Sales Deed, Vouchers, for the purchase of goods/equipment to be pledged to the bank. Bill of sale/bill of lading (Invoices), Original/copies of Bill of Exchange and Bill of Lading
- Warehouse location where the goods/equipment to be pledged will be kept
- Photographic evidence (front, back, side, interior photos)
- List of items to be pledged (item type, quantity, price and value to show purchase price and market price)
- The key of the building
- Business Plan
If the applicant is company
- To open Current Account
- Valid company registration, import/export license
- Board of Directors’ Resolutions
- Business operating license
- Copies of NRC, Household registration and one passport sized photo
- Profit & Loss Statement, Balance Sheet
- Tax slips
- Business operating license
- Photos of business
- Sales Deed, Vouchers, for the purchase of goods/equipment to be pledged to the bank. Bill of sale/bill of lading (Invoices), Original/copies of Bill of Exchange and Bill of Lading
- Warehouse location where the goods/equipment to be pledged will be kept
- Photographic evidence (front, back, side, interior photos)
- List of items to be pledged (item type, quantity, price and value to show purchase price and market price)
- The key of the building
- Business Plan