Overdraft Loans

Overdraft loans are available to existing Family Bank customers for the purpose of financing working capital. A maximum period of 12 months is allowed for repayment. This period is renewable upon application and approval.

Requirements

Duly completed business loan application form
KRA PIN Certificate of the applicant
Copies of ID's and KRA PIN certificates of the directors
Director's resolution to borrow
Audited financial accounts for the last three years
Latest management accounts with current aged debtors and creditors
Copies of security documents, such as, title deeds and logbooks
Copy of valuation report (if available)
Copy of letter(s) of offer and certified loan account statements from other institutions, if enjoying other facilities
Bank statements for the last six months, if banking elsewhere
Sketch map of physical location of the business premises
Cash flow projections for next 12 months
Copy of the business registration certificate (business names)
Copy of the certificate of incorporation (limited companies)
Copy of the memorandum and articles of association (limited companies)
Latest returns to the registrar of companies