Your regular monthly repayment/installment depends on the approved loan period and amount (the longer the loan period, the lower the amount of each loan installment). Your Client Relationship Officer will provide you with a loan repayment schedule.
Opening a savings account requires: a valid identity card (NRC, Passport, Driving license) and address verification documents (i.e., utility bill).
For opening a Corporate Savings Account, the following documents are required: certificate of incorporation/registration; memorandum and articles of association; and resolution from directors/company form 5.
Interest rates on savings depend on the type of savings account, the amount of money saved and the period of the savings. The longer the period and greater the amount, the higher the interest rate and subsequent returns.
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