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This is a credit product specifically designed to cater for growing medium-scale businesses. The loans shall be used to purchase of motor vehicles, land and other assets.
The Borrower will be charged a loan processing fee of 3% of the loan amount.
Monthly: Payment of both Principal and Interest. 24% p.a. on Flat Rate
Loan Tenor: Maximum period of 48 months. However, early repayment is highly encouraged.
The asset being purchased shall act as the security.
Credit Insurance is required on all loans for Death and Disability (1.25% p.a.).