This covers the same clientele as the Executive Overdraft. The loan is however drawn as a lump sum and is payable at fixed and periodic amounts. The Executive loan will be repayable through salary, but special arrangements will be made to cater for special individual's needs.
Features
- Maximum of K5,000,000.00
- Repayment period of up to 24 months
- The facility will be repaid through salary but client needs to declare other sources of income
- Interest rate will be charged at base rate applicable plus 3%
Benefits
- Competitive interest rates
- Access to a same day loan of up to 70% on account balance, minimum being K500 000 charged at base rate applicable and payable over 12 months
