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Business people meeting

Explore our business loan products

Let us help you find the right lending product to help your business grow.

Enquire now

  • Hand with coins - icon Business secured loan
  • Business unsecured loan
  • SME scheme loan
  • Secured overdraft facility
Business people in a meeting

Grow your business with a secured loan

Our Business Secured Loan has been designed to fund the purchase of
large business assets at competitive interest rates, secured on any suitable asset.

What you can expect
  • What you get

    • A loan of up to SCR1 million
    • Repayable over 1 to 5 years
  • What you need to know

    The loan amount you are eligible for will depend upon your business turnover and its debt obligations, as well as the market value of the security provided (the loan amount may not exceed 80% of the assessed value of that collateral).

    An arrangement fee and management fee is applicable when applying for the loan.

  • What to bring when you apply

    Applying for a term loan with Absa is straightforward. You simply need to set an appointment with your relationship manager and provide us with the following documents.

    • Your business registration documents, such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than three months old) for proprietor, partners, shareholders and/or directors
    • Audited financials (last three years)
    • Cash flow (month-to-month and yearly)
    • CIS (Credit Information System) form
    • Project memorandum or business plan
    • Proof of equity
       
    1.  Absa reserves the right to accept or decline any application based on internal policy
    2. We may request additional documentation as deemed necessary
    3. Please consult your relationship manager for more information.

    *Terms and conditions apply.

    *Facility is subject to credit approval.

Enquire now Talk to us

Man brainstorming

Apply for an unsecured loan

The Business Unsecured Loan offers quick and easy access to up to SCR80,000
for virtually any purpose at competitive rates and fixed monthly repayments.

What you can expect
  • What you get

    • A loan of up to SCR80,000 for virtually any purpose at competitive rates
    • Repayable over 1 to 5 years
  • What you need to know

    • The loan amount you are eligible for will depend upon your business turnover and other debt obligations that it may have.
    • The loan is repayable over 1 to 5 years.
    • You will know exactly what your monthly repayments will be and the repayment amount will remain the same until the loan is cleared, provided the interest rate remains constant.
    • An arrangement fee is applicable when applying for the loan.
  • What to bring when you apply

    Applying for a business unsecured loan with Absa is straightforward. You simply need to set an appointment with your business banking relationship manager and provide us with the following documents.

    • Your business registration documents, such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than three months old) for proprietor, partners, shareholders and/or directors
    • Audited financials (last three years)
    • Cash flow (month-to-month and yearly)
    • CIS (Credit Information System) form
    • Project memorandum or business plan
    • Proof of equity
       
    1. Absa reserves the right to accept or decline any application based on internal policy.
    2. We may request additional documentation as deemed necessary.
    3. Please consult your business banking relationship manager for more information.

    *Terms and conditions apply.

    *Facility is subject to credit approval.

Enquire now Talk to us

Man brainstorming

Development for small entrepreneurs

This scheme is for new business loan applications for a business
with an annual turnover below SCR 6 million.

What you can expect
  • What you get

    • Maximum loan amount of SCR3 million
    • Repayment period of 5- 7 years
    • Business contribution of 2.5 % on others
    • 20% contribution on real estate development projects
    • One-off arrangement fee
    • Moratorium can be negotiated(up to 6 months)
    • Two-tier interest rate:
      • 5% on the first SCR1 million
      • 7% on the next SCR2 million
  • What you need to know

    • Must have an annual turnover below SCR6 million.
    • Available up to SCR3 million, and is not applicable for refinancing of existing loans.
    • The scheme has a two-tier rate structure with a repayment period of 5 to 7 years, and a grace period of 6 months.
  • What to bring when you apply

    Applying for a business unsecured loan with Absa is straightforward. You simply need to set an appointment with your business banking relationship manager and provide us with the following documents.

    • Your business registration documents, such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than three months old) for proprietor, partners, shareholders and/or directors
    • Audited financials (last three years)
    • Cash flow (month-to-month and yearly)
    • CIS (Credit Information System) form
    • Project memorandum or business plan
    • Proof of equity
       
    1. Absa reserves the right to accept or decline any application based on internal policy.
    2. We may request additional documentation as deemed necessary.
    3. Please consult your business banking relationship manager for more information.

    *Terms and conditions apply.

    *Facility is subject to credit approval.

Enquire now Talk to us

Man brainstorming

Get an overdraft against your fixed deposit

Make use of up to 90% of the balance in your fixed deposit as a secured
overdraft facility for day-to-day cash management.

What you can expect
  • What you get

    • With our secured overdraft facility, you can make use of the funds in your fixed deposit accounts for day-to-day cash management.
    • We offer you up to 90% of the balance in your fixed deposit as the overdraft limit on your current account of the same currency as the fixed deposit.
    • The secured overdraft facility is available for up to one year and may be renewed. An arrangement fee is applicable 
  • What to bring when you apply

    Applying for a secured overdraft facility with Absa is straightforward. You simply need to set an appointment with your business banking relationship manager and provide us with the following documents.

    • Your business registration documents, such as business name registration certificate (in case of sole traders or partnerships), or company registration certificate and other company formation documents such as memorandum and articles of association (in case of companies)
    • Business licence certificate if applicable to your business type
    • Documentary proof of business address
    • A valid identification document such as passport or national identity card for the proprietor, partners, shareholders and/or directors
    • Documentary proof of address such as a utility bill (not more than three months old) for proprietor, partners, shareholders and/or directors
    • Audited financials (last three years)
    • Cash flow (month-to-month and yearly)
    • CIS (Credit Information System) form
    • Project memorandum or business plan
    • Proof of equity
       
    1. Absa reserves the right to accept or decline any application based on internal policy.
    2. We may request additional documentation as deemed necessary.
    3. Please consult your business banking relationship manager for more information.

    *Terms and conditions apply.

    *Facility is subject to credit approval.

Enquire now Talk to us

Need more help?

Call:

Tel: (+248) 438 3939

Email:

customerservices.sc@absa.africa

Talk to us

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View sitemap | Absa Bank (Seychelles) Limited. Registered in Seychelles (registered no. 810505-1). Registered Office: Independence Avenue, Victoria, Mahe, Seychelles. Absa Bank (Seychelles) Limited is regulated by the Central Bank of Seychelles.

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