Personal & Business loans

Corporate And SME Term Loan


Ordinary vanilla savings account

Choose an amount and repayment term to suit your business needs.


K 10 000
Minimum
36
Months to repay
Competitive
interest rates
 
 

How it works


  • Decide on what amount you would like to apply for.
  • Submit an application for the loan.
  • We will review your loan application.
  • Once approved, we will notify you.
  • And the funds will be paid in accordance with your instructions.
  • Depending on the repayment term, you will be required to make the agreed loan repayments to pay off your loan.

What you need to apply


  • Certificate of Incorporation.
  • Latest copy of Annual Returns.
  • ZRA Tax Clearance Certificate and Proof of Tax Remittance.
  • Latest Audited Financial Statements for 3 years.
  • Cash flow projections with realistic assumptions.
  • Company profile.
  • Board resolution.
  • Security offered COT and Valuation report. (Valuation report is commissioned by MyBucks).
  • Consent letter from the property owner is security is third party and legal advice letter from lawyers. li>
  • 3 months bank statements.

Personal Loan


Ordinary vanilla savings account

Choose an amount and repayment term to suit your needs


K 500
Minimum
K 300000
Maximum
60
Months to repay
Competitive
interest rates

How it works


  • Work out what you can afford to pay monthly
  • Decide on what amount you would like to apply for.
  • Complete the loan application form with your personal and financial details.
  • We will review the loan application to see what loan amount you qualify for.
  • Once approved, we will notify you and the funds will be paid directly into your bank account.
  • Depending on the repayment term, you will be required to pay a monthly instalment back to pay off your loan.
  • All loans require credit life insurance, which is offered through MyBucks, in the event of disability, loss of employment or death.

What you need to apply


  • Certified copy of NRC/Passport.
  • You are required to be 18 years or older.
  • Signed pre-approval form and/or letter of confirmation and recommendation from the employer.
  • Original 3 latest Payslips.
  • Latest Bank Statement.
  • Proof of residence.

Home Improvement Loan


Individual premier savings account

Get finance to build or for home improvements with flexible terms.

K 5 000
Minimum
24
Months to repay
Competitive
interest rates
 
 

How it works


  • Work out what you can afford to pay monthly
  • Decide on what amount you would like to apply for
  • Complete the loan application form with your personal and financial details
  • We will review the loan application to see what loan amount you qualify for
  • Once approved, we will notify you
  • And the funds will be paid directly into your bank account
  • Depending on the repayment term, you will be required to pay a monthly instalment back to pay off your loan

What you need to apply


  • Certified copy of NRC/Passport
  • You are required to be 18 years or older
  • Letter of confirmation and recommendation from the employer
  • Original title deed
  • Original 3 latest Payslips
  • Latest Bank Statement
  • Proof of residence

Asset Finance


Personal standard current account

Get asset finance with option to purchase at the end of the term.

K 10 000
Minimum
48
Months to repay
Competitive
interest rates
 
 

How it works


  • Decide on what loan amount you would like to apply for
  • Submit an application for the loan
  • We will review your loan application
  • Once approved, we will notify you
  • And the funds will be paid in accordance with your instructions
  • Depending on the repayment term, you will be required to make the agreed loan repayments to pay off your loan

What you need to apply


  • Certificate of Incorporation
  • Latest copy of Annual retains
  • ZRA Tax Clearance Certificate and Proof of Tax remittance
  • Latest Audited Financial Statements for 3 years
  • Cash Flow Projections with realistic Assumptions
  • Company Profile
  • Board Resolution
  • Security offered COT and Valuation report, (Valuation report is commissioned by MyBucks)
  • Consent letter from the property owner if security is third Party and Legal advice letter from lawyers
  • 3 Months Bank statements
  • Valid quotation from the supplier
  • Type and full asset description

Invoice Discounting


Personal standard current account

Affordable finance to assist with large purchase orders.

K 10 000
Minimum
90
Days to repay
Competitive
interest rates
 
 

How it works


  • • Decide on what loan amount you would like to apply for
  • Submit an application for the loan
  • We will review your loan application
  • Once approved, we will notify you
  • And the funds will be paid in accordance with your instructions
  • Depending on the repayment term, you will be required to make the agreed loan repayments to pay off your loan

What you need to apply


  • Certificate of Incorporation
  • Latest copy of Annual retains
  • ZRA Tax Clearance Certificate and Proof of Tax remittance
  • Latest Audited Financial Statements for 3 years
  • Cash Flow Projections with realistic Assumptions
  • Company Profile
  • Board Resolution
  • Security offered COT and Valuation report, (Valuation report is commissioned by MyBucks)
  • Consent letter from the property owner if security is third Party and Legal advice letter from lawyers
  • 3 Months Bank statements
  • Confirmed debt / invoice / bills receivable
  • Assignment of debt in favor of MyBucks by seller
  • Acceptance of assignment in favor of MyBucks by the debtor
  • Full credentials of the debtor

Purchase Order Finance


Personal standard current account

Affordable finance to assist with large purchase orders.

K 10 000
Minimum
90
Days to repay
Competitive
interest rates
 
 

How it works


  • Decide on what loan amount you would like to apply for
  • Submit an application for the loan
  • We will review your loan application
  • Once approved, we will notify you
  • And the funds will be paid in accordance with your instructions
  • Depending on the repayment term, you will be required to make the agreed loan repayments to pay off your loan

What you need to apply


  • Certificate of Incorporation
  • Latest copy of Annual retains
  • ZRA Tax Clearance Certificate and Proof of Tax remittance
  • Latest Audited Financial Statements for 3 years
  • Cash Flow Projections with realistic Assumptions
  • Company Profile
  • Board Resolution
  • Security offered COT and Valuation report, (Valuation report is commissioned by MyBucks)
  • Consent letter from the property owner if security is third Party and Legal advice letter from lawyers
  • 3 Months Bank statements
  • Valid purchase order and quotation
  • Contract /Clear terms of Payments
  • Full descriptions of goods – (MyBucks does not finance for prohibited goods)
  • Assignment of receivables by the debtor

Trade Finance


Personal standard current account

Flexible and affordable funding to assist you with import and export activities.

K 10 000
Minimum
9
Months to repay
Competitive
interest rates
 
 

How it works


  • Decide on what loan amount you would like to apply for
  • Submit an application for the loan
  • We will review your loan application
  • Once approved, we will notify you
  • And the funds will be paid in accordance with your instructions
  • Depending on the repayment term, you will be required to make the agreed loan repayments to pay off your loan

What you need to apply

Import requirements
  • Certificate of Incorporation
  • Latest copy of Annual retains
  • ZRA Tax Clearance Certificate and Proof of Tax remittance
  • Latest Audited Financial Statements for 3 years
  • Cash Flow Projections with realistic Assumptions
  • Company Profile
  • Board Resolution
  • Security offered COT and Valuation report, (Valuation report is commissioned by MyBucks)
  • Consent letter from the property owner if security is third Party and Legal advice letter from lawyers
  • 3 Months Bank statements
  • Full details of the supplier
  • Importer/Supplier Contract
  • Commercial invoice
  • Full details of products being imported
  • Full shipping Documents and Insurance
  • Full banking details of the supplier
  • Completed exchange control formalities


Export requirements
  • Certificate of Incorporation
  • Latest copy of Annual retains
  • ZRA Tax Clearance Certificate and Proof of Tax remittance
  • Latest Audited Financial Statements for 3 years
  • Cash Flow Projections with realistic Assumptions
  • Company Profile
  • Board Resolution
  • Security offered COT and Valuation report, (Valuation report is commissioned by MyBucks)
  • Consent letter from the property owner if security is third Party and Legal advice letter from lawyers
  • 3 Months Bank statements
  • Full details of the goods to be exported/already exported goods
  • Guarantee by the importers Bank
  • Commercial invoice
  • Completed exchange control formalities

Guarantees


Personal standard current account

Affordable finance to assist with large purchase orders.

K 10 000
Minimum
Insurance
On Collateral
Competitive
interest rates
 
 

How it works


MyBucks provides guarantees for:
  • Bid Bonds Guarantees
  • Cash advance guarantee/Securities
  • Credit facility Guarantees
  • Performance Guarantee

What you need to apply


  • Certificate of Incorporation
  • Latest copy of Annual retains
  • ZRA Tax Clearance Certificate and Proof of Tax remittance
  • Latest Audited Financial Statements for 3 years
  • Cash Flow Projections with realistic Assumptions
  • Company Profile
  • Board Resolution
  • Security offered COT and Valuation report, (Valuation report is commissioned by MyBucks)
  • Consent letter from the property owner if security is third Party and Legal advice letter from lawyers
  • 3 Months Bank statements
terms and conditions apply*