Biashara Loan
- Business income must pass through FOSA
- No minimum Amount
- Guaranteed by at least four guarantors
- Processing fee of 2% and Insurance fee of 1.5%
- 3 times the deposits
- Top-up is allowed after 60% of loan repayment.
- Top up for Internal and External loan at 10%.
- Collateral might be required
- Interest rates are flat on rate basis and charged as follows;
- 30,000 – 100,000 repayment period is 12 months
- 100,001 – 200,000 repayment period is 24 months
- 200,001 – 300,000 repayment period is 36 months
- 300,001 and above repayment period is 48 months
