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Overdraft Facility
This loan product helps individuals, small medium entrepreneurs and corporate customers to bridge the financial gap arising from mismatch of receipts or payments.
Terms & conditions of loan
- Loan amount must be maximum 60% of collateral valuation by Bank approved valuers.
- Collateralized by property with title documentation
- Minimum of three months original bank statements with bank stamps (no Mini statements)
- Applicants are required to have a Centenary Bank Limited account for at least 3 months
- Loan amount can be above MWK100,000,000
How to apply
- Projected cash flows.
- Credit reference bureau report.
- Debtors age analysis.
- Latest management accounts from the business.
- Financial statements
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Enter Amount you would like to borrow for the Overdraft Facility
MK 50k
MK 100MM
Loan
Borrowing MWK
For
Loan
Overdraft Facility
Cost/Monthly Payment
MK 0
Status
25%