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Expert Loan Tips

Before you apply for a personal loan, consider other forms of credit. You might find a credit card is cheaper and a card with a 0 per cent introductory offer on purchases will enable you to spread the cost of big purchase interest-free.

*The rates above are indicative, visit a branch near you for more details.

How to become an Equity Agent

To become an Equity Agent, you need the following:

  1. An existing business that has been operating successfully in the same location for a minimum of 12 months prior to application
  2. Valid business permits for the existing business
  3. A strategic business location - accessibility, visibility and security
  4. A good reputation and high moral standing
  5. An excellent reach and catchment area
  6. Brief description of commercial activity- 12 months
  7. Current statements for the last 6 months

Agency Banking Documentation

  1. Agency Banking application duly completed and signed by the applicant
  2. National ID and copies for principal applicant(s)
  3. A certificate of good conduct
  4. A brief description of commercial activity for the past 12 months (business profile)
  5. Bank and/or Loan statements from any other institution for the past 12 months
  6. Three (3) copies of pre-signed Equity Agent Contract to accompany the application
  7. Copy of certificate of incorporation or certificate of registration of business name as applicable
  8. Articles and memorandum of association/Partnership deed where applicable
  9. Board resolution (applicable to companies and partnerships)
  10. Valid business licence or permit for any lawful commercial activity carried on by the entity
  11. Audited financial records for the past 12 months
  12. Sketch map for business and home location
  13. Credit Reference Bureau report (CRB)
  14. Two passport size photos for every applicant
  15. Curriculum vitae (CV) of all the applicants
  16. Three coloured photos of the business outlet showing:

(a) Interior view of premises from the door

(b) Interior view showing stocks

(c) Outside view - 15 metres from the door showing nearby premises