Business Loan

Light Microfinance Bank gives business owners the chance to quickly, transparently, and simply receive loans for business purposes.

Business loans are an excellent way for small to medium-sized businesses to secure additional funding. These loans come in many forms and have varying interest rates, fees, and repayment options. Before you apply for a business loan, there are a few things you should know.

Kindly note that all applications undergo an on-site assessment by one of our lending staff prior to a committee decision.

Apply for a Loan

Business loan

Rates

Equity contribution of 10% of the principal
Processing fee of 1% of the principal paid upfront
Interest rate of 3.5% monthly of the principal
Risk premium/Monitoring fee of 20% of interest
Compulsory savings 4.5% of principal

Downloadable files

Business loan individual application form
Business loan group application form

Supporting documentation

Photocopy of Guarantor ID card
Collateral document
Undated cheques from guarantor
Joint group liability

Loan Products

Rent Loan
Can't afford to pay rent at the moment? Seen an apartment you love but can’t meet up with the payment?
Read more
Asset/Property Loans
Light Microfinance Asset/property loan scheme is a finance option specially designed to cater to the needs of businesses and individuals.
Read more
Agricultural Loan
Agricultural loan is geared toward helping farmers make the leap into the world of farming, or taking their existing farm to the next level.
Read more

Analyze the potential of your business and look for opportunities for greater success.

Within 24 hours of your application, we will match you with a loan program that will help you with your financial needs.

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