• This is a bank credit facility that offers loan repayment periods of more than 12 months. The preferable maximum period should be 5 years
  • For financing capital investments
  • May entail a few months grace period on principal repayment for up to 12 months, depending on the nature of the project. However, interest is payable during the grace period
  • The borrower must have the capacity to provide their own funds up to a level of not less than 25% of the total investment
  • Interest rates for corporate lending are negotiable and competitive
  • Maximum period including grace period should not exceed 5 years
  • Maximum lending is as per prevailing Central Bank Prudential Guidelines

To calculate your repayment plan use our Loan Calculator.


  • Lump sum payments to finance Capex with affordable repayments to match business cash flows
  • Enables companies/institutions to engage in business expansion
  • Enables companies/institutions to finance their fixed assets without much constraint
  • Reasonable interest rates, hence cost effective
  • Promotes business and economic development in general with extended positive externalities, hence National development
  • Gives room for manufacturing industries to produce quality products by employing quality production machines.
  • Can be for purchases and constuction of buildings for commercial and industrial purposes, machinery, furniture and other assets

Eligibility - General requirements

  • Application letter
  • Financial Statement projections for the entire facility period (including cash flow projections) 
  • Business plan 
  • Memorandum and Articles of Association
  • Certificate of registration/Certificate of incorporation 
  • Audited financial statements for the last three years and management accounts up to date of application
  • Business License, TIN Certificate
  • Board Resolution to Borrow 
  • Recent filed returns with Register of Companies (for companies)
  • Tax Clearance Certificate 
  • Proposed security for the facility
  • Valuation report of the proposed security
  • Business must prove to be financially viable with sound business turnover

Additional Documents for Public Corporations and Government Agencies:

  • Must provide Government assent to engage in the borrowing 
  • Must provide Government Guarantee
  • All Requirements are the same as that explained under Corporate Overdraft except for the  following additions:
    - The customer should provide Financial Statement projections for the business covering the entire loan repayment period