Warehouse Receipt
Financing Facility
Unlock cash from your stored crops — fast financing against ACE warehouse receipts, up to 75% of receipt value.
Lending is subject to approval. Fees and charges are reviewed annually. Ts&Cs apply.
Key Features & Benefits
- Mandatory credit life insurance.
- Maximum tenor is 3 months
Transparent pricing
Rates & Charges
| Detail | Information |
|---|---|
| Term | 3 months |
| Amount | Up to 75% of the receipt value |
| Interest Rate | Base (25.10%) + 14.90% (up to a maximum of 40.00%) |
| Insurance | Credit Life mandatory; funeral cover in multiples of K50,000 (min K50,000, max K1,500,000, not exceeding capital loan amount); 3 months = 0.6% |
Am I eligible?
Eligibility
- The borrower must have deposited crops with the ACE so that the Bank can fund the same at a maximum of 75% of the receipt value
- The target crops are groundnuts, beans, soya beans, rice etc.
Requirements
- Completed credit information request form
- Receipt authenticated by ACE
- Letter of undertaking from ACE to remit sale proceeds to the bank
Locate a Branch
Find your preferred Branch easily. Just enter your location and we will show you the nearest outlet!
Plan your repayments
Loan Calculator
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Min 500,000 · Max 250,000,000
%
Indicative; the actual rate depends on your credit assessment.
Min 3 mo · Max 3 mo
Total Payment
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- Total Interest Payable
- 209,765
- Monthly Installment
- 1,736,588
- Term
- 3 months
Illustration only. Actual repayments depend on credit assessment, fees, and prevailing rates. Subject to Centenary Bank Terms & Conditions.