Loan Services at BMA
1. Working Capital Finance:
This
is a unique loan facility for trading sector which allows the customers to
withdraw and deposit fund multiple times from and to the account for their day
to day operation. These are designed and used generally for working capital
purpose.
2.
Term
Loans:
This
is a fixed term loan facility ranging from one to three years, repayable in
monthly fixed instalments along with interest. These facilities are designed
for purchase of machinery and equipment for production purpose.
3.
Consumer
Loans:
This
loan facility is specifically designed for government employees who have been
employed for not less than 10 years and more than 35 years with the government
entities. Maximum loan limit under this facility is AFN 100,000 and is
disbursed based on 50% annual net salary of the employees.
4.
Letters
of Credit (Import & Export Letters of credit):
Letters
of credit are non-funded facilities issued against 100% cash margin which are
designed to facilitate import and export.
5.
Bid
Securities:
These
guarantees are issued for the purpose of bidding for a specific contract to
ascertain the capability of a potential bidder to take on and implement a
project.
6.
Performance
Guarantee:
Performance
guarantees are issued to guarantee satisfactory completion of a project by a contractor.
When the job is awarded to the winning bid, a performance bond will then be
required as a security to the job completion.
7.
Advance
Payment Guarantee
A
guarantee that ensures advance payments will be returned if the party that
received such payments does not perform its part of the contract. These
guarantees are issued to mobilize a contract.
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