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CDH Guarantee |
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This is a facility where
CDH
makes an under taking to pay
on the customer's behalf on the due date, loans obtainable elsewhere against
his/her investment with CDH, should the customer not be able to pay.
Features
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Maximum guarantee amount of up to 80% of the investment with CDH
·
Minimum amount to be guaranteed is K 200,000.00
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Maximum 2% guarantee fee
·
Investment is
maintained at CDH until the loan is fully paid
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Maximum guarantee period is one year subject to renewal
Benefits
·
Investment with CDH continues to earn competitive interest
·
Lower guarantee fees
·
Customer's credit standing/rating is
enhanced
·
Customer not subjected to rigid assessment and processing procedure
Who
can
obtain
a CDH guarantee?
·
Companies/Organizations
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Non-Governmental Organizations
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Banks and Non-bank financial
institutions
·
Clubs and Association
·
Individuals
How
can
you
obtain a CDH guarantee?
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A customer writes a letter to CDH requesting for guarantee
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CDH confirms receipt of the application letter
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CDH agrees with the customer on the guarantee amount, period and
fees payable
·
CDH
issues a guarantee
letter to the lending institution on behalf of the customer
How
can
you
retire the guarantee?
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Upon repayment, in full, of the loan obtained, CDH will release
your investment.
·
You can roll over
your principle and interest earned for further term
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CDH will, on
maturity, transfer your funds (principal + interest) to your bank account
·
The transfer of
funds is done on the same day for requests received before 14:00hrs
Why
should you obtain a
CDH guarantee?
·
Investment at CDH
continues to grow whilst you are servicing a loan from elsewhere
·
No rigid assessment and/or processing procedures
·
CDH guarantees are
highly acceptable and respected by other financial institutions
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You have the piece of mind Please contact our Dealers on the
following numbers +265 (0)1 821 913 /
(0)1 822 840 / (0)8 835 992 / (0)8 874 170 Copyright ©2001 Continental Discount House Limited. All Rights Reserved. |
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