A term loan is a monetary loan that is repaid in regular payments over a set period of time. The borrower pays interest only for a set period. Term loans usually last between 1-3Years. A term loan usually involves an unfixed interest rate that will add additional balance to be repaid.

The DAUE / Cheque Discounting Product Program sets out the framework for overdrafts pending the clearance of local currency negotiable instruments, such as cheques and drafts, which have already been sent for collection /clearing.

These are facilities secured by customer’s cash holdings.

This is a facility offered to Management and staff members of entities that are GCB customers. The facility is intended to help the employees secure loans for their welfare and personal needs.

Features

• The Institution applies for the bulk facility from the Bank on behalf of their permanent employees.
• Accessible to both customers and non-customers of the bank
• Loan is approved for staff based on the Bank’s personal loan processes
• Facility is granted between 6months and 60 months
• Bulk repayment for all staff is made to the Bank at the end of every month.
• Interest rate is slightly lower than Personal Loan

Benefits

• Institutions are able to help improve the personal living conditions of their staff
• Win more customers to the Bank as some staff of the institutions are switched to GCB
• Deductions for repayments are done from source that reduces defaults rates.

Get access to extra cash to meet your day to day working capital and business expansion

Benefits

• Get up to US $1 million maximum loan facilty
• Enjoy Flexible repayment options
• Enjoy Fast lending solutions to address your cash or expansion needs

Features

• Structured Form Of Borrowing: Term Loans are a structured form of borrowing intended to finance specific transactions or assets.
• Short Term Loan: This is a contract between a borrower and the Bank where the customer is provided a loan amount either in local or foreign currency for a period not exceeding one year. Interest is charged on the individual drawings made under the loan at a rate agreed at the time of the drawing.
• Medium Term Loan: This is a contract between a borrower and the Bank whereby the Bank provides the borrower with an amount, for a period in excess of one year and up to 5 years. The principal and interest are paid over the tenor of the loan as per the agreed terms.
• Long Term Loan: This is a contract between a borrower and the Bank where Standard Chartered Bank provides the borrower with an amount in local currency for a period in excess of 5 years and up to 15 years. Principal and interest will be repaid over the tenor of the loan as per the agreed terms.

Our total trade solutions will assist you through the complexity of international trade

Benefits

• Get up to US $1 million maximum loan facilty
• Enjoy Flexible repayment options
• Enjoy Fast lending solutions to address your cash or expansion needs

Features

• Extensive network: Build your business by leveraging on our extensive international network that spans over 30 countries.
• One Stop Shop For All Trade Services: Provide a holistic import and export solutions to manage your business.
• Dedicated Specialists: A dedicated Relationship Manager to cater to your needs.
• Export Services: Get export services like Credit bills negotiation, Letter of credit confirmation and Bill discounting.
• Import Services: Enjoy import services like Letter of credit, Custom bonds and guarantees and Invoice financing.

We offer customised overdraft facilities to meet your working capital and short term funding needs

Benefits

• Helps to Manage your daily cash needs
• Get up to US $1 million maximum loan facilty
• Enjoy Flexible repayment options

Features

• Finance Your Day-To-Day Cash Flow Requirements: Borrowing facility repayable on demand, made available in connection with a current account for short-term.
• Flexible Form Of Borrowing: Overdrafts are a flexible form of borrowing for short-term rather than long-term financing for which other, more appropriate credit lines are available.

This solution ensures that your business has funds in place and available immediately if the unexpected happens via a short-term credit facility for immediate access to additional funds.

This solution pre-finances your businesses with a short-term credit facility accommodating your supply needs.

This solution gives your business a line of credit that may be used when required through a short- to mid-term line of credit.

This fast and flexible solution improves your cash-flow – by which we will advance a portion of the funds owed to you by your clients on invoices due, based on valid invoices and proof of delivery for the work done.