PayGo Loan

Cash flow when you need it, interest only on what you use. Short-term working capital designed for SME operators and FMCG businesses who need flexible access to funds.

Benefits

• Addresses the short term credit needs of SMEs and FMCG operators.

• Interest applicable only to the accessed amount of approved loan amount.

• Easy loan procedure.

• Opportunity to control the effective interest rate.

• Opportunity to grow business relationship with ACCIONMfB.

Features

• Short term loan between 1-3 months.

• Access to loan amounts between 200k to up to the bank’s approved percentage of shareholders limit.

• Insurance fee of 1%

• Admin fee of 1%

• Applicable equity contribution

• Commitment fee of 1% (Effective only if client fails to pick up loan 3 days after approval)

• Competitive interest rate of 7.5% on outstanding balance and 6.5% for subsequent requests per month.