This covers the same clientele as the Executive Overdraft. The loan is however drawn as a lump sum and is payable at fixed and periodic amounts. The Executive loan will be repayable through salary, but special arrangements will be made to cater for special individual's needs.
- Maximum of K5,000,000.00
- Repayment period of up to 24 months
- The facility will be repaid through salary but client needs to declare other sources of income
- Interest rate will be charged at base rate applicable plus 3%
- Competitive interest rates
- Access to a same day loan of up to 70% on account balance, minimum being K500 000 charged at base rate applicable and payable over 12 months