Features

• Internal control to confirm genuity of the Profoma Invoice
• Daily payment/liquidation strategy
• Tenor : 6-8 Months maximum
• Interest discount on early liquidation
• Equity Contribution : 20-40% Minimum
• Competitive

Documentation Required

• Duly completed application for the loan
• Profoma Invoice from approved vendor
• Assets financed to be in the name of the MFB until facility is paid down.
• Comprehensive insurance over the assets financed,noting UMFB as the ‘first lose payee’ beneficiary.
• Valid identity card/passport photo
• 2 acceptable guarantors.
• Bank verification number.