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Stand by Loan

  1. Working Capital Credit (Revolving), whereby the debtor must notify the Bank prior to withdrawing the loan. Withdrawal and repayment of loans (partial / whole) can be done repeatedly during the term of the Credit Agreement.
  2. The purpose of financing facilities for working capital needs
  3. The maximum credit period is 12 (twelve) months from the date of the credit agreement.
  4. Interest Payment every 5th of every month when the debtors account will automatically be debited by the Bank.