Solution
 
Key Features
 
Qualifying Criteria
Business Term Loan
 
  • Manage your business’ debt
  • Ideal for when you need to finance an asset that can not be financed through the normal asset financing channels
  • May be used to consolidate your business debt or to restructure your company’s balance sheet
  • You can use it to restructure your company’s balance sheet
  • Use it to finance a management buyout or share buy-back
  • The term of your loan is matched to the type of asset you are funding, with a minimum term of 3 months and a maximum of 120 months
 
  • The minimum security requirement is personal suretyship of the principal/s
  • You may also need additional security for your loan (a secured loan is a loan in which you, the borrower, pledge an asset such as a house or investment, which can be sold by the bank if you can’t repay the loan)
Business Overdraft
 
  • The overdraft facility is granted for an indefinite period, reviewable from time to time and you may be required to settle the overdraft at any time and in full.
  • The interest rate that you are charged is negotiable and is calculated and payable on the daily balance, which means you are only charged interest on the facility you actually used
 
  • The minimum security requirement is the personal suretyship of the principal
Business Revolving Loan
 
  • The Business Revolving Loan is a short to medium-term borrowing option
  • You can borrow money from a set amount that we decide on together; after which you will need to pay back a certain amount before you can draw money again
  • The minimum loan amount is R25 000 and there is no upper limit
  • A minimum monthly repayment of 1/40th of the money borrowed is required
  • You can make lump sum deposits and withdrawals on your account
 
  • The minimum security requirement is the personal suretyship of the principal

Need more help?

Let one of our consultants assist you.

Call us on:

0860 040 302