About this document
Understanding Types of Loans Offered by JAPHET NKUNIKA is a document available to read on EtoBox.
Short term loans provide fixed sums up to 2 years that are repaid monthly or quarterly with interest on outstanding amounts. Overdraft facilities allow fluctuating borrowing up to agreed daily limits with interest on daily balances. Foreign currency loans enable exporting customers to purchase local crops/produce for export against orders or letters of credit. Construction loans over 2-7 years finance construction with interest on outstanding amounts. Syndicated loans involve multiple banks to provide funds
- Author
- JAPHET NKUNIKA
- Language
- EN