The loan is available to customer by overdrawing their current accounts.
Justification
Many companies/businesspeople may not meet their daily expenses to run their business in an adequate source of financing for smooth operations while awaiting their deals to effect into their accounts. Thus, the company might be waiting for cheque deposited to actualize into account or waiting for their bills/invoices insured to actualize the cash receivables.
Features
- Maximum of 50% of consistent 6 months average account turnover up to the maximum of Tshs. 200,000,000
- Interest rate = 20%
- Loan application fees = 3%