Access a partner who has your back
Need a partner that understands the ins and outs of your business and can wisely back you? Let’s talk about how we can grow your business sustainably and responsibly.
Access financial flexibility when you need it
Through insight and understanding, we can structure an overdraft facility to give your business the financial flexibility to uniquely suit its own path. With access to additional overdraft funds, your business can act when it needs to, regardless of what the bottom line reads. Because we understand that working capital allows you to equip, enlarge or sometimes simply carry your business when it matters most.
With Access Bank there are no minimum monthly repayments, provided you remain within your arranged limit and make regular deposits. Pay interest, determined after a personalised assessment, only on what you use – not on the total arrangement. Interest is calculated daily and charged monthly.
Talk to your relationship manager about your overdraft needs and we’ll see what we can work out to support your business.
Access capital, access capability and possibilities
A commercial loan is a medium-term working capital facility used to finance your immediate working capital needs.
With a maximum repayment period of 60 months, instalments are payable monthly in arrears. Calculated daily and charged monthly, interest rates are linked to our prime lending rate and dependent on your personal assessment.
Talk to your relationship manager about what you need to access a commercial loan and let’s give your business every possibility it deserves.
Access mobility across our continent
From a combine harvester to an industrial oven, your relationship manager understands that no two businesses are alike. They will travel every road to find a flexible solution and repayment plan that’s just what your business needs to keep moving, doing and growing. From an instalment sale to a lease agreement, talk to us to see how we can keep your wheels turning.
Access space to grow
Whether you’re acquiring a property in an agricultural, retail, commercial or industrial space; or you’re extending, altering or refinancing your current property, we have the market-leading expertise to see you make the right decision – square metre by square metre.
- A medium and long-term repayment programme for revenue-generating or owner-occupied properties
- Individually structured repayment plans
- Finance and an overdraft to meet your short-term working capital requirements and support awaiting rentals
The complete cost of a property acquisition
It’s important to be aware of the holistic costs involved in any property acquisition, both residential and commercial.
If your business only qualifies for a percentage of the required loan, you’ll need to provide a deposit. Interest may be earned on the deposit (if it is kept by an attorney in a trust) until the property is transferred into your name. A deposit is equity that you introduce and this amount is stated in the Offer to Purchase.
Transfer fees include “transfer duty” payable to the receiver of revenue, as well as a “deeds office fee” and “administrative fee” payable to the transferring attorney. Be aware that transfer duty is not to be paid if the transaction involves a VAT registered party. But the deeds and admin fee are payable on a VAT transaction.
Property Registration Costs
This fee is payable by you (the purchaser of a property) to a conveyancer (also called a transferring attorney) attending to the registration of a bond over the property in favour of the bank. This fee consists of stamp duty and VAT (as prescribed by law), registration costs (also called conveyancing fees) payable to the transferring (conveyancing) attorney for services rendered as well as bond costs payable to the Deeds Office for the registration of the bond amount.
Valuation Assessment Fee
A bank appointed panel of assessors carries out a valuation and this fee is charged by and is payable to the assessor.
Residential Property Finance
Access an open door to a new chapter
Whether you’re financing your own property, investing in one or leveraging a property as collateral, we take the time to understand the important role that residential property finance plays in your life and your business’s. Your experienced relationship manager, with our credit team, will structure a deal according to your needs, walking you into your next opportunity.
- A finance facility
- A twenty-year mortgage period (or shorter, if you choose)
- Highly competitive interest rates calculated daily and charged monthly