SME Loan

The SME Loan is a credit facility specifically designed for growing Small and Medium Enterprises . This loan helps SMEs access financing for either working capital or the purchase of fixed assets, with the goal of enabling small businesses to expand into large-scale enterprises . The target group for this facility is Small and Medium Enterprises of all types .

The SME Loan facility amount ranges from a minimum of MK200,000 to a maximum of MK15,000,000 . The loan can provide up to 100 percent collateral cover, meaning the loan amount can be fully secured by the value of the collateral you provide .

The SME Loan offers a repayment term of 6 to 36 months . This gives businesses flexibility to choose a repayment period that aligns with their cash flow and the expected return on the assets or working capital being financed.

Interest on the SME Loan is calculated as the Base Rate plus a Risk-Based margin . The specific margin is determined based on your business's risk profile as assessed by the Bank. For current Base Rate information, customers are advised to contact NBS Bank directly or visit any NBS Bank Service Centre.

The SME Loan includes a valuable feature for growing businesses: you can get a parallel loan after establishing a good repayment history . This means that as you demonstrate reliability in repaying your existing facility, you may become eligible for additional financing alongside your current loan, supporting further business expansion.

To qualify for the SME Loan, your business must have at least 6 months of business experience . You must also maintain an active NBS Bank account for a minimum of 6 months . Additionally, you are required to provide marketable collateral to secure the facility . For sole proprietors, partnerships, and limited companies, additional documentation may be required, including financial statements, business plans, and registration documents as part of the standard application process .