Corporate Loans

Corporate - Business Loan

Available to large organisations and multinational companies to finance business expansions or operating expenses.
 

Benefits/Features

Eligibility

Pricing

Loan amount above Tshs. 500,000,000

Should be an account holder with Equity Bank for at least 6 months

 Interest rates of 16-18% flat

 

Maximum repayment period of up to 36 months

Registered  business

LACE 2%

Flexible repayment period-monthly, depending on cash flow cycle

Permanent business locations

 

 

Flexible security requirements i.e. log books, title deed, residential license,  debentures, shares, Treasury Bills, etc

Acceptable securities

 

 

Credit Life Insurance

 

 

   Corporate - Development Loan

   Available to large organisations and multinational companies for project financing.

    

Benefits/Features

Eligibility

Pricing

Loan amount above Tshs. 500,000,000

Should be an account holder with Equity Bank for at least 6months

 Interest rates of 16-18% flat

 

Maximum repayment period up to 60 months

Registered  business

LACE 2%

Flexible repayment period-monthly depending on cash flow cycle

Permanent business locations

 

 

Flexible security requirements i.e. log books, title deed, Residential license,  debentures, shares, Treasury Bills, etc

Acceptable securities

 

 

Credit Life Insurance

 

 

 

Corporate - Business Overdrafts

A facility or limit marked on a customer’s current account, allowing it to be overdrawn up to a certain amount to finance shortfall on working capital.
 

Benefits/Features

Eligibility

Pricing

Limits marked up to 12 months

Should be a current account holders with Equity Bank for at least 3 months

Interest rates of 16-18% flat

The current account must swing or move to a credit balance at least once monthly

Registered  business

LACE 2%

Maximum of 50% of consistent 6 months average credit turnover

Permanent business locations

 

 

Available only to current account holders

Acceptable securities

 

 

Flexible security requirements i.e. log books, title deed, residential license,  debentures, shares, Treasury Bills, etc

Reliable cash flow

 

 

Overdraft limits up to a maximum of Tshs. 500,000,000

 

 

 


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