Loan Products
Order Finance
EFC provides order financing to Small and Medium Enterprises (SMEs) for orders yet to be performed. For clients to qualify for Order Finance;
- The Order must be from a reputable corporation or organization based in Zambia.
- EFC must confirm the order.
- To obtain funding, the following documents must be presented for preliminary processing;
- Confirmed order
- Quotation from a reputable supplier specifying delivery time, payment terms and product specifications
- Letter of undertaking from the corporate/organization to remit funds
Benefits
- Assists enterprises to meet cash flow needs for critical business expenses and other working capital needs.
- Helps you get discounts on purchases from suppliers.
- Increase capacity to supply and consequently increase income.
Product Features
- All facilities range from ZMW 50,000 to ZMW 1,000, 000.00
- Direct payment confirmation.
- Maximum tenure is 90 days.
- 10% processing fee.
- Credit Life Insurance, mandatory.
- Interest rates of 5% per month.
- Cheaper rates.
Requirements
Application cover letter
Certificate of registration
Board Resolution
Proof of Business premises i.e. Utility bill or lease agreement
Director’s identity documents i.e. copy of NRC or Valid Driver’s License
Directors ‘ sized photos
6 months Bank statements
Copy of purchase order/contract
Stamped copies of invoices to be discounted
We are here to assist
Apply for Order Finance
Access ZMW 50 000–1 000 000 upfront to fulfil confirmed corporate orders, with rapid approval and up to 90-day terms that keep every delivery on track.