Credit Program

The credit line is divided into limits of up to 3 and 8 million meticais respectively. Depending on the type of guarantees presented, customers can apply for and join one of the lines flexibly and under simplified application processes.

They aim to support the growth and expansion of SMEs through different types of financing, including:

Types of Financing

   

  • Overdraft· Interest rate: PLR + spread 
    • Term  : 
    • - Minimum - 6 months  
      • ·- Maximum - 12 months
   

  • Income Credit·: Interest rate: PLR + spread 
  • Term
    • · Minimum - 6 months  
    • · Maximum - 12 months
   

    • Bank Guarantees
    • · Interest rate per quarter
   

    • Banking Relationship
    • · Company account open for at least 3 months with Access Bank or 12 months with another bank.
   

    • Guarantees Accepted
    • · Financed asset (equipment, machinery, vehicle, etc);
    • · Legal mortgage on real estate;
    • · Bond on term deposit;

Other conditions

  • Presentation of bank statements for the last 12 months;
  • Minimum sales revenue convention of at least 200% coverage of another bank's statement and 150% coverage if using Access Bank's statement;
  • Minimum monthly revenue: 180,000 MZN;
  • 0 bounced checks in the last 12 months.
  • Minimum of 5 transactions carried out in a month.
  • Subscription to multi-risk insurance, for cases of guarantees such as property/equipment/machinery and others;
  • Membership of credit installment insurance.
  • Keyman insurance (where applicable);
  • Stock insurance (where applicable).

Latest News

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