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

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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

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 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.