Do you own a microbusiness and want to make it work better for you and bring more profit? Then why not to apply for ABA Simple Loan? You can borrow up to 30,000 USD with attractive rates for up to 7 years. We will also offer you our refinance service if you are an existing borrower and want to improve your loan conditions
Conditions
| Loan amount | From 5,000 – 30,000 USD |
|---|---|
| Loan term | From 5 – 7 years |
| Repayment mode | Flexible repayment options |
| Grace period | Up to 3 months |
What type of collateral do I need to provide?
You can provide the following collateral to the Bank:
Mandatory
Mandatory
- Real estate property (Soft or Strong title) or
- Store ownership Certificate under own name
Optional
- Third Party, corporate and bank guarantees
- Another type of collateral, negotiable with the Bank
You don’t need to register the strong title collateral at Cadastral office for loans under 30,000 USD!
Interest rate (per month)
| Loan amount, USD | Strong title | Soft title | Store Ownership |
|---|---|---|---|
| >5,000 – 10,000 | 1.3% and above | 1.4% and above | 1.4% and above |
| >10,000 – 20,000 | 1.2% and above* | 1.3% and above | 1.3% and above |
| >20,000 – 30,000 | 1.15% and above* | 1.25% and above | Not applicable |
* For loans above 10,000 up to 30,000 USD if you register the title deed at Cadastral Office, minimum interest rate of 1.1% per month can be offered!
If you are interested in making your monthly loan repayments lower, ABA Bank offers Refinancing service.We can provide you with a loan on lower rates and longer terms, so you will save your money and will be able to invest more in your business on better conditions and hassle-free!
Once your application is approved by ABA, you can pay off your current loan including any early repayment charges and even get an opportunity to apply for an additional loan. Our professional loan officers will take care of all process for switching your loan from your previous financial institution within one business day.
Just call or meet one of our loan officers, who will provide you with an advice and help you to decide whether refinancing is right for you.
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