FAQs

FAQs

FAQs

How can I get a credit facility?

By visiting the nearest branch or office of the bank and filling in the form of the credit study and providing the required securities.

Does CAC Bank offer integral corporate credit facilities?

Yes, we offer a comprehensive package of direct and indirect banking facilities for companies that include customized financial solutions.

What is the maximum amount of facility that can be granted to a customer?

The amount is subject to the resolution of the customer's credit study and business activity.

How much interest rates are charged on credit facilities?

The rates vary by facility type and currency. Interest rates for indirect facilities in the Yemeni Riyal are 22% for loans and 25% for debit balances and overdrafts.

What types of securities are required to obtain the credit facility?

They vary depending on the type of study and creditworthiness of the client.

How long is the credit limit granted to the customer?

The maximum duration of the credit limit is one year.

Why do we need to submit a credit study to obtain a credit facility limit?

In order to be able to assess your business activity and creditworthiness so that we can decide to grant your company the credit facility.