Bid Bond/LPO Financing
Support young people participating in government tenders
About The Loan
YEDF is offering Bid Bond and Local Purchase Order (LPO)/Local Service Order (LSO) financing to youth participating in government tenders. The loan is available to individuals, registered groups, partnerships and companies owned and run by the youth.
- The asset being offered as security must be valued and customer will incur the valuation expenses.
- In case the borrower wishes to use land as security he/she will pay the legal charges and any other cost.
- Commission Fee: 6.5% of the principal amount for the first 90 days (inclusive of the insurance). For the subsequent period, the loan will attract an interest of 1.5% per month.