Overdraft

  • Enjoy a credit facility linked to your business bank account and a prime-linked revolving facility offered at a competitive interest rates

  • Only pay interest on funds used and not the full facility available to you.

Interested in our Overdraft Facility?

Click below and we will contact you.

Are you an existing Mercantile client?

Find Out how much it will cost?

R
R
%
R0
R0
R57.00

Find Out how much it will cost?

R
R
%
R0
R0
R57.00

Business Credit Card

  • Revolving facility with up to 55 days interest free

  • Gold Credit Card is linked to the loyalty programme to give you access to all premier Bidvest lounges at airports around South Africa

  • Link your Drive Card to your Business Credit Card and take care of your fleet-related spending

  • Nominate any number of executives and staff to use cards linked to a single card account, with individual limits and tracking

Interested in our Business Credit Card?

Click below and we will contact you.

Are you an existing Mercantile client?

Business Term Loan

Attractive borrowing terms and competitive interest rates.

Interested in our Business Term Loan?

Click below and we will contact you.

Are you an existing Mercantile client?

Asset Finance

A range of financing options for all your motor vehicle, fleet and capital equipment needs.

The Service enables you to select items you require for your business operations that are then purchased by Mercantile Bank and used by you for an agreed period. You pay cost-related rentals with interest linked to Prime or fixed and Mercantile Bank retains ownership of the goods for the duration of the lease. When the lease expires you can purchase the leased asset from Mercantile Bank or sell or trade in the asset on behalf of Mercantile Bank. You can also extend your lease of the asset for a longer period.

This service enables you to pay affordable instalments for moveable and durable goods that your business requires. You have an option to link interest charges to the Prime lending rate for a fixed or specified period and you will get a competitive rate from our partner for insured goods.

This service enables you to pay affordable instalments for that vehicle you have been dreaming of from a dealership or a private seller. You have an option to link interest charges to the Prime lending rate for a fixed or specified period and you will get a competitive rate from our partner for the vehicle insurance cover.

Mercantile Bank has an attractive range of rental finance asset classes which include but are not limited to office automation, telecommunication products, security surveillance, medical equipment, construction equipment and computer equipment. The portfolios are built utilizing rental asset agreements and these agreements have varying periods attached to them ranging from 24 to 60 months, specifically designed for small to medium businesses and larger corporates.

You can enhance your balance sheet and income statement with a better return on net assets, enjoy flexible finance terms and also structure repayments according to your business needs.

You will also be able to reduce your debt exposure and enjoy tax advantages, using off-balance sheet financing to enhance your business profits. We understand the importance of quick turnaround times, so our approval process is quick and easy with no deposit required.

Attractive and cost effective property finance solutions with flexible finance terms and structured repayment terms. You can link your interest charges to Prime lending rate for a fixed period or specified period and the Loan to Value (LTV) is normally 70% and client is to provide 30% deposit. You will also receive competitive rates for all goods insured with our partner CommRisk.

This is where a loan is advanced to a borrower where the instalments are deducted from the transactions made through the Point of Sale (POS) device. The loan value is determined by the sales volume or turnover processed through the merchant account over a period of 12 months. The loan value is limited to 10% of merchant turnover or R500,000, whichever is lesser. The loan repayments are easy - 10% of day’s transactions through the POS device is reserved for repayment of loan. To qualify, the business must be running for 24 months, with 12 months merchant track record.

Interested in our Asset Financing options?

Click below and we will contact you.

Are you an existing Mercantile client?