A short-term one-off lump sum financing which may be granted against confirmed or expected lump sum receivables or against contract/project awarded by Government or Government related companies or any other pay-master acceptable to the Bank

Purpose:

The financing may be used for start-up/mobilisation expenses for awarded project/contract or as additional capital for businesses.

Other Details:

The period of financing shall be based on the expected receipts of payment with a maximum period of twelve (12) months. The profit charged for the financing shall be calculated on a daily basis and the rate is subject to the Bank’s prevailing risk mitigation and pricing guidelines. Repayment shall be made by means of monthly profits payment and lump sum settlement of principal at the end of the financing tenor or upon receipt of payment from pay-master.