In addition to the standard loan parameters, Business Purpose loans are further qualified by the following:

The Business Purpose loan is guided by the following examples:

• Refinance of business borrowings such as bank term loans, bill facilities and overdrafts.
• Purchase of a business (e.g. newsagency, taxi license, franchise etc).
• Purchase non-residential real estate other than the security property (e.g. commercial property).
• Purchase of plant and equipment.
• Other genuine purposes will be considered on merit.

In addition, the following polices also apply:

• Start up of a new business will not be considered.
• Projected income shall not be used.
• Preferably applicants will be self employed in the same business for the past two years.

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