| OVERDRAFTS AND LOANS | Back |
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Account opening forms. After filling in the
forms please present them physically at your nearest CRDB Branch.
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Our Overdrafts and loans have specific time duration 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 · A CRDB loan or overdrafts is the answer to your short-term liquidity needs. · Once assured of stable cash flows that suit your fluctuating liquidity needs, you will have more resources and time on your hands. · Our products provide you with investment capital for start-up or expansion needs at competitive interest costs. REQUIREMENTS WHEN APPLYING FOR A CRDB BANK LOAN As a loan applicant you are required to submit the following information for the appraisal of your loan proposal. · Tax return or by other means of documenting your income and equity. · Your curriculum vitae. · Business license · Certificate of registration of Business name and extract from the register · Annual audited accounts for the past three (3) years and most recent draft/management accounts if the total credit facility is above Tshs. 20 million · Copy of Title deed (if any) or Lease Agreement · Current stock position and list of debtors showing debtors age analysis · Business plan, budget and cash flow projections including the repayment plan · Businesses plan for amount greater than Tshs 20 million |
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