Business Current Account

Suited to Business Account holders looking to raise capital to inject into a business for growth or expansion purposes, acquire assets or additional business opportunities, , or finance other business-related expenditure over a medium to long term.

What Bank BIC Namibia Business Loan offers?

1

  • Terms of between 12 months, 5 years or 10 years.
  • Automatic payments by debit order from your Business Account.
  • Amortizing capital balance, to pay less interest over time.
  • A set interest rate, linked to the bank lending rate, for the term of the loan, so that you can budget and plan accordingly.
What documents do I need?

A Business Loan Finance application form

Latest Signed Financial information (annual financial statements and year-to-date management accounts).

Projections (cash flow statements, income statements and balance sheets).

If I do not have a Business Account with Bank BIC Namibia

10 Months' bank statements.

Signed financial information (annual financial statements and year-to-date management accounts).

Projections (cash flow statements, income statements and balance sheets).

A business plan to demonstrate the viability and sustainability of the business.

Should your application be successful, you are required to open a Business Account with Bank BIC Namibia.

Legal: Only after signing the business loan agreement and collateral documentation (if required), will the loan facility be made available for utilization.

News

Commemorative N$30 BankNotes

15 of May 2020

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BIC Announcement - LOAN MORATORIUM

02 of April 2020

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COVID-19

27 of March 2020

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