Term Loans

Details

  • Term Loans are a structured form of borrowing intended to finance specific transactions or assets.
  • Drawings are usually made in one amount and the repayment is typically made by fixed monthly, quarterly or annual repayments depending on the nature of the underlying transaction, and the cash flow it generates.

Short Term Loan

This is a contract between a borrower and the Bank where the customer is provided a loan amount either in local or foreign currency for a period not exceeding one year. Interest is charged on the individual drawings made under the loan at a rate agreed at the time of the drawing.

Features

  • Straight2Bank: 24/7 Control on your business banking.
  • Business Current Accounts: A premium current account – Business Current Account available in currencies including USD, GBP, EUR and ZAR.
  • Business Overdraft: Overdrafts are a flexible form of borrowing for short-term rather than long-term financing.