Corporate banking lending
This comes in the form of
I. Corporate Loan
II. Overdraft Facility
III. Bankers' Acceptance
IV. Bank Guarantee
Terms and conditions may include:
1There is no set limit for the amount for lending and we use cash flows to determine how much the corporate gets
1. Indicative interest rate of 65% p.a.
2. Arrangement fee of 5% p.a.
3. On bank guarantee we charge 3.75% establishment fees and 2% arrangement fee per quarter
4. NB: the terms and conditions applied on the amount lent depend on what comes out of the discussion with the client
5. Kindly get in touch with an account manager in our SME department or corporate banking on Telephone (0242)775150-2 or on email CorporateBankingManagers@nmbz.co.zw