We offer this loan to churches and religious communities for the acquisition or modernization of churches sites. The loan intended also to meet the needs of organizing activities such as campaigns / church conventions.
Great Features
Loan amount: 2,000 USD and over
Maturity : 13 to 60 months; exceptionally up to 7 years for loan amounts over $1 million.
What you require to sign up
Be a legally recognized church or religious community.
Have an account rotation with EBDCD for a minimum of 3 to 6 months depending on the degree of formalization of its financial statements.
Demonstrate sufficient financial capacity to repay the loan.
Have the necessary guarantees. The bank does not take the land where the cults are held as a mortgage except in the following cases
Easy Steps to Get This Loan Facility
Submit to the bank all legal documents and records of the church.
Fill in the loan application form
Receive a visit from an church client advisor and other assessment officers if needed
Going back to the bank to sign loan and other contracts
Why you should sign up for this product
Open to all churches and religious communities.
Quick and easy procedure and processes
Repayment on a declining balance method (interest is calculated on the outstanding loan, not on the initial amount) with a payment plan adapted to the rhythm of the income of the church or religious community.
Church revenues are only considered at 65-70% to allow the church to allow the church to operate normally.
Contact Us
We would like to call you back regarding this product.
Success
We acknowledge receipt of your details; kindly expect a response within the next 24 working
hours.
