Customer Owned
Home loan product is offered to principal owners of Micro, Small and Medium Enterprises that want to borrow funds against their residential property to support business growth
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K5,000 |
| Term : | Maximum 15 years |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Mortgage over property and personal guarantee |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
Chattel Mortgage is a type of business loan that provides funds to purchase an income generating asset and the finance provider accepts that financed asset as the security for the credit. This product is available to business operators.
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K5000 to K1,500,000 |
| Term : | 6 months to 36 months |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Asset financed and/or mortgaged over property. Security asset must be insured at all times during term of loan |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
Small Business Loan is a financial solution for Micro, Small and Medium Enterprises (MSME) operators wanting to acquire business assets such as motor vehicle, inventory and working capital requirements
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K1,000 to K50,000 |
| Term : | Maximum 36 months |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Term Deposit or personal guarantee or specific security charge |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
SME Loan product is suitable for Small and Medium Enterprises to assist with funding business assets such as motor vehicle, inventory and working capital requirements. Instead of significant cash outlay, client can focus on business growth whicle TCF provides financial solutions.
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K50,000 |
| Term : | Maximum 36 months |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Specific security charge over asset(s) financed, general security agreement & personal guarantee |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
Commercial Investment Property Loan is a medium to long term loan available for purchase/renovations/refinance of commercial investment property by a registered company/business. Rental income will be the main source of income for debt servicing.
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K50,000 |
| Term : | Maximum 10 years |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Mortgage over property, General Security Agreement and Indemnity & Guarantee |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
Residential Investment Property Loan provides funds to purchase an income generating residential property for businesses that want to enter into real estate or grow their property portfolio. This product is available to business operators.
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K50,000 |
| Term : | Maximum 10 years |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Mortgaged over property, General Security Agreement and personal guarantee |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
Insurance Premium Funding is a product designed to support cash flow position by financing annual insurance premium dues. In return customer repay debt over maximum period of 10 months in installments. This product is available to business operators.
TCF Loans |
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|---|---|
| Interest rate : | On application |
| Loan Amount : | Minimum K5000 to K1,500,000 |
| Term : | 10 months |
| Repayment : | Monthly instalments of principle and interest |
| Security : | Not applicable |
| Loan Processing Fee | Maximum of 2.5% on approved amount |
