ENAT BANK
About ENAT BANK
Correspondent Line
Full Service Bank
About this Lender
The Bank supports you in improving your immediate working capital requirements with its Overdraft and Short term credit facilities. Whether you engage in Domestic or International business; plan to launch new business or expand existing one; need to purchase Vehicle or Machineries, approach Enat Bank to get prompt response for the realization of your plan.
If you are an Exporter and face financial shortage in your pre-shipment processes, visit Enat Bank, you will get a solution. We have pre-shipment export credit facilities to assist you purchase raw materials, processing, warehousing, packing & transporting the goods until the time of shipment.
Enat Bank provided additional credit facilities for individual borrowers. These loans let you realize your dream to get your own House or Automobile, furnish your home, pay educational fee, to cover personal expenses like your travel, medical treatment expenses and to meet other obligations.
The Bank arranges a special credit facility, Enat’s Choice, aims to ease the work load of women around house via letting them enjoy a credit to purchase house hold equipment’s, furniture and kitchen appliances.
Lending Territory
Residential: Ethiopia In All Cities
Commercial: Ethiopia In All Cities
Loan Programs Available
Residential Lending: 20% down Loan option to purchase home multiple option connect with us
Commercial Lending: Prime Commercial, Construction, Business loan
· The collateral requirement for such loan is the building to be purchased/constructed or the vehicle to be purchased.
· The vehicle to be purchased shall be a maximum age of 10 years.
· Generally, for the loans of Ethiopian and Ethiopian origins who generate foreign currency, the tenure will be determined by;
· For employed staff-retirement age- in such a case a loan tenure will be one year less than the retirement age and only 1/2% of their monthly salary is considered to determine the loan amount.
· For self-employed person the loan tenure will be determined by the cash flow presented by the applicant like tax payment, rental agreement, undertaking letter and other supporting documents.
| No. | % of equity contribution in Foreign Currency | The interest rate to be applied if the loan repayment is in Foreign currency | The interest rate to be applied if the loan repayment is in local currency |
| 1 | 50% | 7.5% | 9.5% |
| 2 | 40% | 8.5% | 10.5% |
| 3 | 30% | 9.5% | 11.5% |
| 4 | 20% | 10.5% | 12.5% |
Personal Loan
It is a loan that will be availed for personal use. The maximum amount shall be Birr 500,000.- or paying capacity considering ½ of monthly income if the applicant is employed. The interest rate to be applied shall be 7%. The collateral shall be building or vehicle with age of maximum 10 years.
Language: Amharic,English
