This is a loan that supports established companies in working capital augumentation or capital expenditure.
Terms & conditions of loan
- Maximum tenure is 48 months.
- Base lending rate is 13.9%. Centenary Bank Limited’ maximum lending rate is 25.5%. The interest rate is however, subject to variation at the bank's options and shall be influenced by the economic situation prevailing in Malawi from time to time.
- Amount can be above MWK100,000,000 and loan can be customised to accomodate all types of industrial sectors.
How to apply
- Submit audited financial statements.
- Submit latest management accounts.
- Title documents of property being pledged for the lending.
- Submit a completed credit information request form.
- Submit projected cash flows.