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Products & Services - Micro & SMEs
Good Life Scheme
 

The Good Life Scheme (GLS) is a loan facility product which enables customers to acquire various personal assets including shares, landed properties, electronics etc. while paying only a small percentage of the cost of the item(s) at the time of acquisition. The bank pays for the balance of the cost of the items(s) at the time of purchase while the customer is allowed to repay this contribution over a period of up to twenty four months.

 
 
  Features
  • N/A
  Benefits
  • Interest rates are negotiable and competitive, as interest charges are calculated on a reducing balance basis.
  • Easy and convenient repayment terms as the credit facility can be spread over a period of 6 - 24 months.
  Check List
  • Application letter on company letterhead
  • Board resolution (for limited liability coy) also on company letterhead
  • Direct debit mandate on company letterhead
  • Repayment plan/schedule
  • Proforma invoice for the asset being financed
  • 25% equity contribution
  • Customer to open a current account to serve as the loan operative account
  Application form
 
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