Types of Loans/Financial SolutionsRate Charged to Borrower (% – per annum)
Focus Sector
Loans less than $50,000:6.09 – 9.49
Loans Without Subsidy
Loans ≥ $50,001 and < $200,00010.08 – 13.48
Loans ≥ $200,001 to ≤ $500,00010.10 – 13.45
Focused & Non-Focus Sector
Loans > $500,0009.55 – 13.10
Northern Division – Agriculture
Small Farmers (first $100,000)4.08 – 7.49
Large Scale Farmers (above $100,001)6.08 – 9.48
All Other Focus Sector Loans < $50,0006.09 – 9.49
New Investors – Other Than Agriculture up to $500,0006.08 – 9.49
Loans Without Subsidy
Loans > $50,001 and < $200,00010.08 – 13.48
Loans > $200,001 to $500,00010.10 – 13.45
Focused & Non-Focused Sector
Loans > $500,0009.55 – 13.10
Export Credit Facility4.00
Import Substitution and Export Finance Facility3.99**

*Interest rates are as at 1st September 2021. **Updated as at 03.06.21.

Application Fees:
Up to $19,999.99$50
More than $20,000 to $49,999.99$100
More than $50,000 to $99,999.99$200
Approval Fees:
More than $100,000$1,000
Establishment Fees:
Up to $4,999.99$150
More than $5,000 to $19,999.99$200
More than $20,000 to $49,999.99$350
More than $50,0001% of loan amount
Bank Service fee (Charged on Quarterly Basis)
Up to $4,999.99$10.00 per month
More than $5,000 to $19,999.99$12.50 per month
More than $20,000 to $49,999.99$20 per month
More than $50,000 to $99,999.99$40 per month
More than $100,000 to $499,999.99$50 per month
More than $500,000 to $999,999.99$100 per month
More than $1 MM0.020% per month
Bank Guarantee Facility fee5% p.a of the value of guarantee.
Loan Exit Fee
Up to $199,999.99no exit fee
More than $200,0003 months interest (minimum of $1,000) on the prevailing rate based on the outstanding loan balance
if the Bank is not given the prerequisite three months notice of your intention to repay before expiry
of loan term.
Commitment Fees1% per annum on undrawn funds if not drawn within 3 months of acceptance of loan letter.
Insurance Fees (on base premium)
Motor Vehicle and Other cover10%
House/Fire Cover (maximum fee of $1,000)15%
Dishonoured Chq fee$10 + dishonoured expense of operating bank
Printing of Bank Statement$5 per page
Extension of Offer beyond 30 days$100
Photocopy Fee$1 per page
Bank Opinion Fee$50
Audit Confirmation Certificate$50
Rescheduling Fee$100
Inspection Fees:
Focused Sector Loans$40
Non-Focused Sector Loans$70
A. New Loans/Prime Security
Up to $49,999.99$400
$50,000 – $99,999.99$800
$100,000 – $499,999.99$1200
$500,000 and above for collateral security, the fee shall be half of the prime security fee)$2,500
B. Further Loans
1. No Up-stamping
Consent & Undertaking for Security Adequacy$50 per Charge
2. Up-stamping
a. Individual & Other Entities
i. Up-stamping$100
ii. Consent & Undertaking$50 per Charge
b. Companies
i. Up-stamping$100
ii. Consent & Undertaking$50 per Charge
iii. Particulars of Charge$25 per Charge
iv. Resolution$50 per Company
c. Added Collateral Security$200
D. Added Charges all Company Securities
1. Guarantee$100 per Document
2. All company security
a. Particulars of Chargea. Particulars of Charge
b. Resolution$50 per Company
Title Production Fee (mortgage related)$100
Release of Guarantee$50 per Guarantor
Mortgage Variation Fees$50
Search Fees:
Company Search$40
Deed of priority fee:
Up to $199,999.99$200
$200,000 – $499,999.99$300
$500,000 and above$500
Up stamping:
Company loans$100
Up to $49,999.99$100
Over $50,000$300
Hire Purchase Agreement:
Up to $99,999.99$100
More than $100,000$150
Sale & Purchase Agreement and Other Mortgage Sale related docs$250
Mortgage Variation Fees$50
Bank Guarantee Fee$400
Release of Bank Guarantee$100
SEFP World Bank Guarantee Fee
Up to $99,999.99$200
More than $100,000$500
Renewal of Security – Service Fee:
1. Notification/Crop Lien$150
2. Bill of Sale
i. Up to $4,999.99$100
ii. $5,000 – $9,999.99$150
iii. $10,000 – $24,999.99$200
iv. $25,000 – $49,999.99$250
v. above $50,000$300
Arrears Fee$25 per default if arrears > 30 days
Discharge Fees
a. Crop Lien, Notification (over crops &chattels/ lease & titles)
i. Full Discharge$100
ii. Partial or Conditional Discharge$100 per Charge
b. Bill of sale, Mortgage, Ship’s Mortgage, Lien, Assignment, Guarantee, Debenture
i. Full Discharge$200 per charge plus $50 for each additional document
ii. Partial or Conditional Discharge$150 per Charge plus $100 for each additional document
Memo of Satisfaction$50 per Charge
Settlement Letter$50
Letter of Cancellation of FDB Interest$25
Removal/withdrawal of Caveat$50
Transmission by Death$100