Amount of Loan
- Minimum of 1 Million
- Maximum of 10 Million
Term : Short Term (Paid in one year or less)
Mode of Payment : Monthly Interest Amortization ( lump sum on due date )
: With 20% partial payment every quarter.
Rate : 12% p.a annuity method
Security : Checks receivables or Collateral (TCT, CCT, etc.)
Bank Charges : Same as regular loan
B. UNSECURED ( without collateral)
Amount of Loan
- Minimum of 1 Million
- Maximum of 10 Million
Term : Paid in One (1) years to Five (5) years
Mode of Payment : Monthly Amortization
Rate : 12% p.a annuity method
Bank Charges : Same as regular loan
GUIDELINES
- Loan can be renewed after full payment on due date with appropriate bank charges and fees.
- Loan renewed is allowed twice and has 20% partial payment in every quarter for Short Term.
- PDC’s issued to the borrower by its creditor which are receivables and used as bank guarantee for payment in addition to the real estate security should at least come from reliable Companies.
- Borrower should maintain a savings deposit at ERBI.
