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Invoice Discounting

A special type of overdraft which mainly targets fuel transporters and

 other reputable companies. The Bank ensures that cash flow is

constantly available by establishing a special line of credit to finance the gap when the invoice payment is delayed by the other party. 

Features

  • Financing of up to 80% of the amount discounted on the invoice
  • Tenor – 12 months

Requirements

  • Turnover of not less than 5 times of requested amount
  • Collateral – legal mortgage (preferably), cash cover, corporate guarantee (for very structured companies)
  • Open an account at BANK OF AFRICA - TANZANIA

Benefits

  • Flexible repayment options
  • Competitive interest rates
  • Improve share wallet 

 

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