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Personal development loans
- Meeting investment expenditure purposes to finance assets and / or projects capable of
diversifying income streams for the clients such as purchasing of rental apartments or
commercial buildings, and establishing of developmental projects with potential to raise
cash flows. - Meeting capital expenditure purposes such as housing and home refurbishment,
purchasing private motor vehicles, household assets, solar equipment and purchase of
land. - Meeting consumption expenditure purposes such as weddings, hospitalization and
funerals. - Meeting asset financing expenditures i.e. purchase of land, purchase of motor vehicles,
purchase of houses, and other ass
Repayment structure is tied to the beholder’s cash flow
- Proof of verifiable income. It can be either business or salary or both.
- Minimum of one guarantor is required
- Any forms of collateral security
Basachi business loans
- Facilitates business performance and growth
- Personalized repayment plan
- Loan amount depends on business performance
- Competitive interest rates
- Individual borrowers with active businesses
- Applicant must be 18 years and above
- At least 6 months of business existence and activity
- Possession of proof of business preferably trading license
- Two guarantors
- Possession of an acceptable form of collateral
- Flexible repayment terms and periods
- Flexible collateral requirements
- Faster loan processing time
- Scored and pre-approved loans for repeat borrowers.
Lumpsum loans
- The final payment includes a large portion of the principal (the original amount
borrowed). - Allows you to negotiate how much principal will be paid at the end of the loan term.
- Enables the borrower to repay some part of the principal along with interest (our
fee for the loan) every month, and pay back the remaining balance of principal on
the loan maturity date (i.e., when the loan is due) alternatively the borrower can pay
monthly instalments of interest only and then pay back all the principal when the
loan is due.
- Affordable and attractive interest rates
- Swift processing within 24 hours
- Flexible repayment arrangement
- Low or no initial payments
- Enables borrowers to access affordable short-term capital
- Can help cover financing gaps
- Proof of source of income
- Post-dated cheque for the lumpsum payments
- Contractors
- Real estate dealers
- Money lenders