Corporate Accounts

TERM LOAN: 

• Loan amounts are tailored to fit business needs.

• Available in all major currencies, USD, EUR, and TZS.
• Repayment period is assessed on existing business cash flow and cash flow projection.
• Eligibility:  sound financial performance, full KYC.

ASSET FINANCING: 

• Simple financing on fleets, machinery, and equipment to support company’s growth.
• Available in all major currencies i.e., TZS, USD, and EUR. Offered in  competitive interest and term rates. The bank finances up to 25% of the asset cost and repaid in maximum tenor of 36 months.

• Eligibility: sound financial performance, full KYC.

OVERDRAFT:

• This is short term financing not exceeding 12 months intended to support working capital requirements.
• The facility finances short term finance needs occurring during the intervals between receipt of proceeds and the payment period in the context of the asset conversion cycle. The facility can be renewed upon expiry subject to sound performance.

• Eligibility: sound financial performance, full KYC.

GUARANTEES:

• This is an off-Balance Sheet financing arrangement where bank issues guarantee to a third party at the request of the customer (applicant).

• Maximum tenor is 365 days, and can be in the form of: Bid Guarantee, Advance Payment Guarantee, Performance Guarantee, Letter of Undertaking

INVOICE DISCOUNTING:

•  A financial service in which the bank lends cash to a company up to the value of its unpaid invoices.
• The bank discounts up to 80% of the total invoice value and the facility is available for maximum tenor of 90 days.
• The invoice to be submitted must be genuine and honored upon bank’s due diligence.

SUPPLY CHAIN FINANCE:

•  Is a set of solutions that optimizes cash flow by allowing businesses to lengthen their payment terms to their suppliers while providing the option for their large and SME suppliers to get paid early.

LETTER OF CREDITS: 

• This is an irrevocable arrangement that constitute a definite undertaking issued by the bank on behalf of the buyer in favour of the seller/supplier to honor a complying presentation.
•  In other words, the importer’s bank is guaranteeing the exporter the payment upon shipment of goods to the importer and presentation of complying shipping documents to his bank.

PROJECT FINANCE:

• A long-term financing of infrastructure and industrial projects based upon the projected cash flows of the specified project.

 CALL ACCOUNT:

• Is a specific type of interest-bearing investment account that allows a company to withdraw funds from the account without a penalty.
• The call deposit Account can be linked to the business current account to create seamless movement of funds between the accounts.

• Tiered interest rate structure - the higher the account balances the higher the interest earned.

CURRENT ACCOUNT:

• This account is for business transactions. You can use the account for payments, withdrawals, transfers, standing orders options, and deposits.
• Our Current Account is available in different currencies i.e., TZS, USD, EUR, and GBP.

FIXED DEPOSIT ACCOUNT:

• We offer FD at competitive rates in the market, letting you earn interest in different tenures from 3 months, 6 months and 12 months.

CASH IN TRANSIT (CIT):

• We offer cost-efficient Cash-in-Transit services from your business premises to our Bank through high secured & efficient CIT companies. Take the risk out of handling cash at your business premises with our innovative CIT solutions.