OVERDRAFTS AND LOANS

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Print Account opening forms. After filling in the forms please present them physically at your nearest CRDB Branch.
  
Our Overdrafts and loans have specific repayment periods that range from one year for short-term overdrafts up to five to ten years for long-term loans. Our repayment periods and amounts are negotiable. Loans and Overdrafts are administered through a current account.

BENEFITS

· The CRDB Bank loans and Overdrafts take care of your company needs for short/long-term liquidity.

· Once assured of stable cash flows that suit your fluctuating liquidity needs, you can commit your resources and efforts to effective and efficient running of your business.

· Our products provide your company with investment capital for start-up or expansion needs at competitive interest rates.

REQUIREMENTS WHEN APPLYING FOR A CRDB BANK LOAN

The following company documents will provide the necessary information for the appraisal of your loan application

· Certificate of incorporation
· Memorandum and Articles of association
· List of shareholders, their number and votes.
· Board of directors' Resolution to borrow. Audited annual accounts for the last five years - if the total credit requirement is above Tshs 20 million (new companies are exempted this requirement).
· The owners' financial statements and tax returns. Cash flow projections including repayment plan.
· Insurance policies of the company covering fixed assets, stocks, and business interruption insurance.
· Title deed if any or lease agreement.
· Business license, and
· CVs of key management personnel
 

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