These are different short to medium term loans for Micro, Small and Medium Enterprises to meet varying financing needs including -working capital, asset acquisition, business expansion, acquiring equipment and tools, stocking and restocking, etc.
Product Features
- Flexible amounts to meet the needs of all levels of businesses
- Quick Turnaround time
- Term of up to 48 months
- Competitive interest rates
- Flexible repayment terms
Requirements
- The customer should have operated an account with the bank for at least three months with a good account turnover history
- The business should have a solid balance sheet or be in good standing
- Substantial security or Guarantorship for the loan
- Ghana Card and passport size pictures of the owner/owners of the business
- Account statement of account with other banks may be required
Benefits to the Customer
- A less cumbersome way of accessing credit to grow your business
- Interest rates on the loan is competitive
- Customers receive a lumpsum of money upfront, allowing them to pay back over fixed term
- Interest rate and principal repayments are always fixed which helps in budgeting
MRB Financial Products
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