Letter of Credit
A Letter of Credit (LC) is a written irrevocable undertaking issued by the Bank, to a supplier of goods or services at the buyer’s request, to effect payment up to a stated amount, within a stated time, against presentation of specified documents which comply with the terms of the Credit
Some of the benefits
Great rates
Get a personalised interest rates based on your affordability
Agility
Make quicker decisions with more spending power
Flexibility
Choose to repay your loan at a pace that suits your business income.
Partnership
Drive your growth strategy with reliable access to funds
How it works
- This is a written undertaking issued by us at your request as an importer/buyer.
- It is issued in favour of the exporter/seller, agreeing to pay the exporter/seller, for the buyer's (our customer) goods, subject to certain terms and conditions being met.
How to get it
Contact the Enterprise Direct Centre on
Toll Free Lines: Econet 08080217; Telecel 0731950951/955; Telone 08004340
Telephone: +263 (4) 79920052 / 2701246
Email: [email protected]
Website: www.stanbicbank.co.zw
Or
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
-
How it works
-
How to get it
- This is a written undertaking issued by us at your request as an importer/buyer.
- It is issued in favour of the exporter/seller, agreeing to pay the exporter/seller, for the buyer's (our customer) goods, subject to certain terms and conditions being met.
Contact the Enterprise Direct Centre on
Toll Free Lines: Econet 08080217; Telecel 0731950951/955; Telone 08004340
Telephone: +263 (4) 79920052 / 2701246
Email: [email protected]
Website: www.stanbicbank.co.zw
Or
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