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Consumer Loan Pricing 2017-12-21T15:39:22+00:00

Consumer Loan Pricing

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Fixed Term Loan Revolving Overdraft WAAS ExpressCredit School Fees Advance
Interest Rate *PLR +2% *PLR +5% PLR + 1% Depends on Credit
Evaluator Score** 100% – 80% Score:
=2.75% per month 79% – 60%
Score: = 3.25% per month
PLR – 3% for Royal Kiddies &
Purple Account Holders
PLR for others
Commitment Fee 1% flat 1% flat 1% flat 1% flat 1%
Management Fee 1% flat N/A 1% flat 1% flat 1%
Top-up Fee 2% of Top-upAmount N/A N/A N/A N/A
Insurance 0.3% of loan Amount N/A Cars & SUVs:
5% p.a of asset cost
Minibuses: 6% p.a
Generators: 2% p.a
1% of loan Amount 0.3% of loan amount
Transfer Fee N/A N/A 0.5% of Asset Cost,
payable with the last
Lease Rental
N/A N/A
Early Settlement Fee N/A N/A N/A N/A N/A
Penalty 1% flat on outstanding
after 30 days
1% flat on outstanding
after 30 days
1% flat on outstanding
after 30 days
1% flat on outstanding
after 30 days
1% flat on outstanding
after 30 days

PLR – Prime Lending Ratio of the Bank

Each request is subject to the Retail CPS Scorecard, a parameterized scoring tool that covers both quantitative and qualitative elements of the clients business. The business analytical tool, when updated scores each item of rating to arrive at a cumulative score. 60% is the minimum acceptable score and scores are further graded for pricing. The higher the clients score, the cheaper the loan pricing.

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