BENEFITS
The perfect account for your business!
Asset Finance
The account that facilitates growth through financing for both
new machinery and equipment, new and second-hand motor
vehicles (of not more than 8 years old)
Features
- Financing for movable and immovable readily saleable assets
- Free of encumbrances
- Purchased from a reputable supplier/dealer in the industry
- Finance for both machinery and equipment
- Flexible repayment period
- Asset to be fully insured by an insurance company in the Bank’s panel
- Up to 48 months repayment term
Pre-Export Financing
This facility enables our exporting clients finance the purchase of raw materials and
process/package before shipment to the buyers.
Features
- Helps to generate additional working capital to enable the client meet production demands.
- Flexible security requirements.
- Cheaper than other borrowing facilities.
- Can be used on a revolving basis.
Post Import Financing
A loan facility given to an importer (customer) to settle trade finance related bills that
have matured before the importer (customer) has mobilized adequate resources to
settle the same.
Features
- Access to more financial resources to clear goods from the port, manufacture, store or arrange for final sale to the end buyer.
- Clients can reimburse the suppliers on a sight basis or when the tenor is due.
- Lower lending rate and fees charged..
Documentary Collections
Documentary collections are used to facilitate importation/exportation of goods
between parties and collection of sales proceeds.
Features
- Cheaper than LCs in terms of lower bank charges
- Easy to establish and operate with shorter processing time – speedy payments
- If documents are against acceptance (DA), allows an importer a period of credit and at the same time assuring exporter of payments
- Drawee has the flexibility on settlement of bills (especially for documents against acceptance)
Bills Discounting
Eases trade cashflow constraints.
Features
- 50% discount margin subject to approval.
- Fully secured basis.
- Part of the monies due from debtors for goods supplied/services offered availed pending receipt of sale proceeds.
- Available for discounting invoices to selected blue-chip companies, NGOs and International bodies.
Supply Chain Financing
Through a process of reverse factoring, a buyer facilitates the financing of his
suppliers against his own credit with the aim of optimizing cash flow while minimizing risk.
Features
- Early access to liquidity.
- Non-recourse working capital financing, not affecting SMEs’ borrowing base..
- Cheaper funding (through lower arrangements and monitoring costs for banks).
- Better and easier administration.
Commodity Financing
Available to producers who do not have access to Balance Sheet Lending.
Features
- The Commodity purchased is the collateral. No need to provide Bank with other security.
- Simple operational procedures.
- Cheaper additional working capital with simplified security requirements.
- Producer obtains liquidity by leveraging his inventories well before the goods are sold on to the market.
FEES & CHARGES
The account fees and charges
Corporate Term Loan Tariff Guide to Fees & Charges
CIB Tariff Guide
456.9 KB
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