Revolving Line of Credit
This loan facility is suitable for intermediate and medium-term asset finance and is repayable over 36 to 60 months.
What it offers you
- Can be used for working capital
- Medium-term financing where you control redraws with structured repayments
- The minimum loan amount is M50,000 and maximum cannot be more than 25% of turnover
- Your account can be linked to our electronic banking channels
- Not a substitute for vehicle and asset finance or accommodation of external creditors (stress lending).
What you need to apply
- Cash flow projections
- Financial statements
- Bank statements (new customer)
- Personal bank statements (Members/directors)
Speak to a Business Banker or your Relationship Manager.