Loan Against Property

Purpose	Working capital needs Business expansion needs Through secured ODs and Term loans
Description	This product is targeted at small businesses
Eligibility	Types of Business: Same as BIL Business Ownership: Ghanaian or permanent resident Age of business: Minimum 3 years (5 yrs for individual professionals)
Turnover Range	Min: GH¢ 78,400 (98k for NTB) Max: GH¢ 4.61 million
Product	OD, term loans
Tenor	Min: 12 months Max:Term Loan = 5 years (7 years under level 2) Secured OD: 12 months
Documentation Required	1 year bank statement (for NTB) Certificate of Incorporation Certificate to commence business Evidence of tax payment and VAT certificate/receipt Company’s Code (Limited liabilities)/Form A (Sole proprietors)/Operating or trade license (professionals)
Loan Amount	Min: GH¢ 19,600 Max: GH¢ 490,000
Price	Base +
Other Requirements	No more than 3 (level 2=5) inward (customer issued) return (cheques in last 6 months due to insufficient funds. No return cheque in last month. Outward (customer deposited) return cheques to be restricted to: Level 1: 3% of last 6 months turnover Level 2: 5% of last 6 months turnover
Security	Unencumbered Landed Property (encumbered if balance transfer
LTV	Cash – 100% (LCY); 95% (FCY) T-Bills – 90% Bank Guarantee/SBLC – 100% Landed Property – 70% max
Acceptable Areas for Landed Property	Same as ETS