Full secured loan by discounting the invoices that have extended maturity dates to enable our clients to overcome their cash flow shortage.
- The invoice has to be paid through your UB account.
- Automatic deduction from your account once in voice payment is made.
- Loan Payment period is equal to the invoice maturity.
- Finance of up to 80% of invoice proceeds.
- 5 days Maximum processing period.
- Flexible invoice facility.
- TAT of 5 days.
- Financial facility of short term while waiting for the invoice payment.
- Application letter.
- Contract or purchase order related to the invoice.
- Invoices to be discounted.
- Company Registration Certificate/ID copy of the applicant and his guarantor.
- Legal status certificate.
- RRA Tax Clearance Certificate.
- Valuation report of collateral (done by a valuer which has a partnership with UNGUKA Bank Ltd).
- Collateral title (land, factory, car etc) and movable security documents.
- Act of lending property if the collateral doesn’t belong to the borrower.
- Invoice payment domiciliation.
- Notified Board resolution for companies.