Cash Secured Overdrafts

Target Customers = Self-Employed Workers/ Business Men
Amount = 90% of Cash Deposit
Interest Rates = Prime +8 to 10%
Arrangement Fees = 0.1% if facility with a minimum of Xaf 30 000
Tenor = 1 Year Renewable
Security = Savings Deposits, Certificates of Deposits, Fixed Term Deposits, Supported Bank Guarantee

Personal Installment Loans

Target Customers = Permanent Salaried Workers, Self-Employed Workers/ Business Men
Amount = 6 times Net Salary up to Xaf 5 Mio or 70% of Security
Interest Rates = Prime +8 to 12%
Arrangement Fees = 0.1% if facility with a minimum of Xaf 30 000
Tenor = Maximum of 3 Years
Security = Cash, Insurance Policy, Bank Guarantee, and Mortgage over property

EIL (Employee Installment Loans)

Target Customers = Package offered to Permanent Salaried Staff of Reliable Companies
Amount = Xaf 16 Mio per Qualifying Staff
Interest Rates = Prime +1 to 3%
Arrangement Fees = 0.1% if facility with a minimum of Xaf 30 000
Tenor = Maximum of 5 Years for Cars and 3 Years for Personal Effects
Security = Corporate Guarantee