Business term loan
A Business Term Loan supports your business in achieving its long-term financial goals. To make repayments suitable for your business, monthly instalments are matched to your business’ cash flow. The term of your loan can be structured for between 3 and 5 years.
Some of the benefits
Good terms
The monthly loan repayments can be tailored to suit your cashflow. Enjoy low interest rates
Flexible
It allows operational cash flow to be used however you like
Accessibility
Simple and streamlined application process
What you get
- A Business term loan may be used to purchase / upgrade fixed property, finance fixed assets, capital expenditure or for the setup / establishment of venture costs
- Your repayments can be tailored to suit your business cash flow projections
- We offer you affordable insurance cover for your loan which you can repay in monthly repayments
- Competitive interest rates are offered for term loans
- A term loan may not be used for the consolidation of debt or as a substitute product for Vehicle or asset finance
What it costs
- Refer to pricing guide/ Call our call centre 8200
How to get it
Documents required
You need to give us the following documents to enable our credit department to make an informed decision.
- Your business’ financial statements
- Personal statements of assets and liabilities of all the partners, members or directors
- Your sales and purchases budgets
- A projected income and expenditure statement
- A 12-month cash flow forecast
- The amount of your own contribution, and the source of the funds
- Schedule of debtors and creditors
- If you do not have a Business account with us, you must give us your past three months’ bank statements
This is not a full list. Depending on the nature of the application and the business risk involved, you may need to give us fewer or more documents.
For more information on the documents we need, please contact the Head of Business Banking Department on 229071.
Note: Terms and conditions apply.
What you'll need
- Call our call centre 8200
-
What you get
-
What it costs
-
How to get it
-
What you'll need
- A Business term loan may be used to purchase / upgrade fixed property, finance fixed assets, capital expenditure or for the setup / establishment of venture costs
- Your repayments can be tailored to suit your business cash flow projections
- We offer you affordable insurance cover for your loan which you can repay in monthly repayments
- Competitive interest rates are offered for term loans
- A term loan may not be used for the consolidation of debt or as a substitute product for Vehicle or asset finance
- Refer to pricing guide/ Call our call centre 8200
Documents required
You need to give us the following documents to enable our credit department to make an informed decision.
- Your business’ financial statements
- Personal statements of assets and liabilities of all the partners, members or directors
- Your sales and purchases budgets
- A projected income and expenditure statement
- A 12-month cash flow forecast
- The amount of your own contribution, and the source of the funds
- Schedule of debtors and creditors
- If you do not have a Business account with us, you must give us your past three months’ bank statements
This is not a full list. Depending on the nature of the application and the business risk involved, you may need to give us fewer or more documents.
For more information on the documents we need, please contact the Head of Business Banking Department on 229071.
Note: Terms and conditions apply.
- Call our call centre 8200