Check Collateralized Loan

Check Collateralized Loan

If you will ask for a short-term loan to meet your business needs, every bank shall request real estate collateral which undoubtedly is a financial cost and time for your business.  Meanwhile, BKT can support you and your business partner to deal with business transaction by the usage of cheques. Cheque collateralized loan is a financing short-term method to be used whenever the customer presents a post-dated cheque to be discounted before its maturity.

Target Group: The customer can be either existing or new customer of BKT, under the following group: Existing Credit Customers (Corporate & Commercial), Existing Operational Customer, New Customer (selective) with good financial position. The targeted customer should deal mostly with wholesale or retail trade, manufacturing, or production activities.
 

General Conditions:

  • Loan Purpose:  Working capital/ Purchase of inventory, raw materials/Purchase of Equipment
  • Loan Amount: up to 80% of the cheque Amount
  • Cheque Coll. Loan Maturity:  Max. 6 months renewable upon any new Cheque presented.
  • Limit Maturity:  Max. 12 months
  • Interest Payment: At the time of discounting the check.
  • Principal payment: It is paid when the check matures.
  • Collateral: Post-dated Cheque- up to 6 months.