These are loans advanced for customers for a specific undertaking e.g. to facilitate development of residential or commercial properties.
Why choose the Structured Term loans
The loan repayment is structured in line with the project cash flows and may including a period of moratorium on principal loan repayments before project cash flows are realized
Interest should however be serviced during the moratorium period
Maximum tenure is 7 years
Eligibility / Documents Required
Available to both existing customers and New to bank.
12 months bank statements
Projected cash flows
Audited accounts for the last 3 years
Duly filled and signed application form.
Appropriate documentation e.g. county approvals, engineers certificates, BQs etc. to be provided