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Loans & Overdrafts
Cavmont Capital Bank offers the following loans and overdraft facilities to our clients.
We have introduced a product called Corporate Personal Loan Scheme. This targets individuals in organisations who wish to obtain loans. The loans range from K1 million to K25 million repayable in 24 months.
Individual We offer short & medium term overdrafts for a period of less than 12 months, mostly on current account holders Corporate We offer overdrafts to our corporate clients for up to 12 months. We also offer short & medium term loans to our clients at competitive rates. For medium & long term forex & kwacha loans, we are able to access funds from European Development Fund (EDF).
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| :: Today's
Exchange Rates |
| Currency |
We Buy |
We Sell |
| US Dollar ($) |
4,320 |
4,520 |
| UK Pound (£) |
7,038 |
7,364 |
| SA Rand (R) |
379 |
397 |
| Euro (€) |
5,539 |
5,796 |
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|
| Days |
Low |
High |
Average |
| 91 |
13.45% |
13.87% |
14.11% |
| 182 |
15.20% |
15.57% |
16.00% |
| 271 |
16.02% |
16.02% |
16.02% |
| 364 |
17.85% |
18.48% |
18.50% |
Date: 23 October, 2008 No: 08/2008
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| Period |
Weighted Average |
| 2 Years |
16.00% |
| 3 Years |
15.99% |
| 5 Years |
16.45% |
| 7 Years |
17.26% |
| 10 Years |
18.40% |
| 15 Years |
19.25% |
Date: 23 October, 2008 No: 08/2008
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