Suppliers Bill Discounting
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Target Group
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Nature of Facility
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Purpose
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Limit and Margin
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Eligibility
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Rate of Interest
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Processing Fees
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Repayment
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Securities
- Existing customer (Buyer) with satisfactory track record.
- Demand Loan.
- Suppliers Bill discounting of corporate clients (Supplier/Service Provider) dealing with our bank.
- Maximum - UGX 10,000 Million Or equivalent USD amount
- 20% on EFRIS invoice amount.
- Minimum Net worth UGX 500 Mn as per latest audited balance sheet.
- Minimum Credit Rating ‘A’
- Trading agreement between applicant borrower (Buyer) and supplier (Corporate Client).
- For facility in UGX: At 2.00% below UGX PLR with monthly rests.
- For Facility in USD: At USD PLR with monthly rest.
- Penal interest of 5.00% p.a. for UGX denominated facilities & 3.00% p.a. for USD denominated facilities to be recovered from the borrower in case default in repayment schedule.
- 0.50% p.a.
- Demand Loan for maximum period of 12 months.
- Legal Mortgage of un-encumbered residential or commercial property in the name of applicant/s./third party/guarantors property.
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