Different categories of customers under MSME (Medium, small and micro enterprises) can access our facilities under Personal, Corporate or group loan.
This loan can be assessed by an individual.
This is a loan assessed by corporate organizations for business purposes
This product enables customers to associate as a group for the purpose of accessing micro loans.
The number of customers for a group should be at least five but not more than ten persons.
The group members serve as joint and several guarantors for themselves. The liability or default of any member or members becomes the joint responsibility of all other members.
This is a product that enables customers to acquire assets through a lease arrangement. The asset includes: Television, sewing machines, Gas/Electric cooker, Fridge/Freezer, Washing machines etc.
Our purchase, the receipt will be in the name of the customer but will be kept by the bank. Maintenance must be assured and done by the customer. Ownership will remain with the bank until payment of the cost-plus interest is completed. In case of salary earners, salary should be domiciled with the bank.
Traders and self-employed customers could be made to provide additional collateral or personal guarantee.
It is a short term facility to MSME customers to finance the execution of LPO/contracts for reputable corporate/government establishments.