Qualifying Products
Goods of a capital nature; goods and services for projects of a capital nature.
Delivery Period
Up to three years.
Duration of Credit
Medium Term – 3 to 5 years
Long term – 5 to 10 years
Payment Terms
- Amortisation basis - Equal, semi-annual capital instalments for the duration of the credit period, plus interest.
- First instalment six months after final delivery or partial delivery under the insured contract
Interest
As agreed with lending bank. Interest to be serviced during delivery period, payable six monthly.
Down Payment
Minimum 15% of contract value.
Maximum Liability
85% of contract value.
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