Collateral

The Bank requires collateral to secure its loans, although it does accept lower levels of collateral on a case-by-case basis.

Collateral can consist of:

• Liquid investments (cash investments)
• Fixed property
• Movable assets
• Equipment
• Third-party guarantees

In some instances, assets financed by the Bank can be used as collateral.

In the case of contract-based finance, income from the contract can be ceded to the Bank, and assets financed for servicing the contract can be used as collateral.

Young artisans and young professionals can apply without collateral, but assets financed must be provided as collateral once financed.

Find out about reduced collateral offered by the Bank in partnership with commercial banks and NASRIA, here...