PURPOSE OF LOAN
Business Activities
FACILITY TYPE
Term Loan
PRE-REQUISITES
Self-declared Financial Statements
Preference to the entity who has a line of business for minimum 2 years of activity, new business will be seen case to case basis.
LOAN QUANTUM
|
|
AMOUNT |
DURATION |
|
MINIMUM AMOUNT |
AFN 100,000 |
18 (Eighteen) Months |
|
MAXIMUM AMOUNT |
AFN 2,000,000 |
60 (Sixty) Months |
RATE OF
INTEREST
|
PERIOD (MONTHS) |
INTEREST RATE (%) REDUCING BALANCE |
PROCESSING FEE (%) |
|
Less than 24 |
5 |
1 |
|
24 to 36 |
5.5 |
1.5 |
|
Above 36 |
6 |
2 |
TERMS
& CONDITIONS
Currency of loans only in AFN only in Conventional Banking.
Guarantors at the sole discretion of the Bank.
There will be 2% penal interest in case of late payment and compound interest will be applied.
Other Credit terms and conditions and environmental policy of the bank will be applicable.
No need to evaluate the property by the external evaluators