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Bank Guarantee

Guarantees

A bank guarantee is a written undertaking issued by the bank in favour of the receiver of the goods or services, whereby the bank undertakes to make certain payments on behalf of its client, if the latter fails to make a payment or to carry out specific functions in terms of the commercial contract. The bank’s commitment is legally independent of the underlying commercial contract

Some of the benefits

Lease or Buy

Choose to own or return your vehicle on your last payment, or keep your options open

Insured

With our credit facilities, you can access affordable insurance from our trusted insurance partners.

Great rates

Get a personalised interest rates based on your affordability

Flexibility

Choose to repay your loan at a pace that suits your business income.
How it works
  • This facility is offered in the form of a letter (not money) to enable you to undertake jobs that have been offered by your business partners.
  • When a contract has been awarded, a performance bond is usually required at the request of a supplier and provides assurance to a buyer of the supplier’s performance under a contract
How to get it

Visit your nearest Stanbic Bank branch with the following documentation:

  • Audited financial statements.
  • Management accounts
  • Cash flow forecast for the term of the facility
  • Business Profile
  • Completed application form
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Tax Clearance Certificate
What it costs
  • Refer to Business Conditions
  • How it works
  • How to get it
  • What it costs
  • This facility is offered in the form of a letter (not money) to enable you to undertake jobs that have been offered by your business partners.
  • When a contract has been awarded, a performance bond is usually required at the request of a supplier and provides assurance to a buyer of the supplier’s performance under a contract

Visit your nearest Stanbic Bank branch with the following documentation:

  • Audited financial statements.
  • Management accounts
  • Cash flow forecast for the term of the facility
  • Business Profile
  • Completed application form
  • Certificate of Incorporation
  • Memorandum & Articles of Association
  • Tax Clearance Certificate
  • Refer to Business Conditions