You do not need to have an account for a very longtime before accessing loan facility at CIDAN Capital however you will need to open an account and run it.
Depending on the amount but for smaller amounts your stock and household assets can be used.
Yes but the type of collateral differs with amounts.
It should be at least one and half times the loan amount.
Yes , it’s a kind of vote confidence in our business .
Up to a maximum of 5% per month.
Yes, there is processing fee of 3% and insurance of 1% on the loan amount, also there is a twenty cedis charge for Bank of Ghana collateral registration.
No it must be paid up-front.
Loan is approved based on the effective financial evaluation that is made to ascertain the business capacity which may or may not be in tandem with your request .
Yes a lien or cash collateral of up to 20% of the loan amount
Yes you need guarantor who has both financial and personal influence.
Mostly monthly; but can be structured depending on the expected cash flow of the client.
At most five (5) days.
By cheque
Strictly not allowed.
Because it shall impair your credit history with us and affect our cash flows.
Because the interest rate is flat that is not possible but you get an interest waver of up to 80% of the outstanding interest if you can mobilize all the outstanding principal.
Yes ,there is a credit referencing bureau search for a possible credit history or exposure with other financial institutions’ businesses and household reference .
Yes; Its very much required