Certificate Discounting Finance
Overview
CDF allows SME customers to borrow funds against unpaid Certificates raised either after partial or completion of construction/implementation of project whereby payment will be paid by employer within prescribed time, terms and conditions as per contract.
CDF allows SME customers to borrow funds against unpaid Certificates raised either after partial or completion of construction/implementation of project whereby payment will be paid by employer within prescribed time, terms and conditions as per contract.
- Loan amount of up to 70% of supplier’s tax invoice value.
- Maximum loan is TZS 5 Billion or USD/Euro equivalent.
- Loans be issued on TZS or USD (depending on the repayment sources).
- The loan tenor is 30 to 90 days (Depending on the terms of LPO or Sales Contracts).
- Competitive interest rates and affordable terms.
- Customer with good records in Account conduct and credit history.
- Previous successfully executed Certificate Discount or contracts from reputable Employer.
- Acceptable certificates are those issued to reputable organizations with history of settling their obligations within acceptable timeline.
- Certificate with outstanding payments below 60 days.
- Applicants must open or have a CRDB Business Account –CRDB Biashara Account.
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