Business Loans

Overview

The purpose of the loan is to accommodate financing needs of legal business undertakings for both individual and non-individual entities .

Benefits

  • Loan amounts matching your business needs.
  • Flexible repayment terms.
  • Top up loans available
  • Competitive interest rates
  • Accessible from any of our countrywide branch network.
  • Fast Turn Around Time
  • Flexible collateral requirement

Requirements

  • Hold a Post Bank account.
  • Completed loan application.
  • Payment of application fees.
  • Financial Card.
  • Provide financial statements for both individual and non-individual borrowers.
  • Where the borrower is a registered entity, shall provide all documentation related to its legal ownership, management and authority to borrow.
  • Site visits to both business and collateral.
  • Business area of operation should be within a radius of 50 Kms.
  • New customers must provide bank statements from their previous bankers.
  • Business should have been in operation for at least 2 years.
  • Sufficient collateral covering 120% of the loan amount.
  • Two guarantors

Key Facts

Branch, ATM, and Agent Locator