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SME Loan

SME Loan

Do you need working capital for your business? The SME Loan is a tailored made lending facility that is available to businesses for meeting working capital needs and to achieve business goals.

Benefits of SME Loan

Support

Gap-funding to meet urgent business demand

Ease

This solution is accessible to existing and new to bank customers with limited documentations required.

Speed

This solution has a quick turnaround time with 24-hours delivery for eligible customers.

Flexible Terms

Repayment plan is tailor made and based on customer’s cash flow
What you Get
  • Availability of short-term working capital to customers
  • Bridging short term financial needs
  • Business growth for customers
How to get it
  • Applicant’s formal letter of request for loan
  • Satisfactory credit  checks from 2 credit bureaus
  • Banking history of at least six months with Stanbic IBTC Bank or 12 months with other Banks
  • Registered enterprise or limited company (Incorporation) Documents to be provided
  • Tax Identification Number (TIN)
  • Upon loan approval, duly accepted Offer Letter.
What it costs
  • TOD and Advance: 26% with free insurance
  • Short Term Loan: 30% with free insurance
  • Management Fee: 1%

* There is no concession on the pricing

  • What you Get
  • How to get it
  • What it costs
  • Availability of short-term working capital to customers
  • Bridging short term financial needs
  • Business growth for customers
  • Applicant’s formal letter of request for loan
  • Satisfactory credit  checks from 2 credit bureaus
  • Banking history of at least six months with Stanbic IBTC Bank or 12 months with other Banks
  • Registered enterprise or limited company (Incorporation) Documents to be provided
  • Tax Identification Number (TIN)
  • Upon loan approval, duly accepted Offer Letter.
  • TOD and Advance: 26% with free insurance
  • Short Term Loan: 30% with free insurance
  • Management Fee: 1%

* There is no concession on the pricing