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.

 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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