About Fixed Deposit

Massy Finance GFC Ltd offers Fixed Deposits at competitive rates designed for investors who are interested in investing over a longer term.

MFGFC Fixed Deposits attract a fixed rate of interest over for a term 1, 2 or 3 years.

Fixed Deposit Terms
Fixed Deposit Value 1 year 2 years 3 years
20,000 – 99,999.99 0.50%
100,000 – 499,999.99 1.35% 1.55% 1.75%
500,000 – 999,999.99 1.75% 2.00% 2.25%
1,000,000 – 4,999,999.99 2.00% 2.25% 2.45%
5,000,000 and over 2.25% 2.45% 2.60%
  • Minimum Fixed Deposit Value of $20,000
  • Special Rates for Staff & Massy Affiliated entities
  • Special Rates for Massy Directors & Ex-Directors

*Rates are subject to change without notice

Application Processes

  1. Fixed Deposit Officer interviews customer and presents current interest rates as well as terms and conditions
  2. Fixed Deposit Officer informs customer of documents required before any business transaction can be initiated.
  3. Once all documents are provided and reviewed, the Fixed Deposit Officer will inform the customer if the business relation has been approved and the funds can be receipted.
  4. The process of withdrawing deposits at maturity date or before is explained and the customer is given a certificate.

Requirements

REQUIREMENTS FOR ALL PERSONAL LOANS:

  • Job Letter no more than 1 month old
  • Pay slip no more than 1 month old
  • 2 forms of valid picture ID
  • Proof for Address no more than 2 months old

 

REQUIREMENTS FOR SOLE TRADERS:

  • Trader’s Registration Certificate
  • Completed Statement of Affairs
  • One year Bank Statement
  • Contracts if applicable
  • 2 forms of valid picture ID
  • Proof of Address no more than 2 months old

 

REQUIREMENTS FOR ALL COMMERCIAL BUSINESS LOANS:

  • Company Profile/Details or Background of Operations
  • Company Registration Documents – For Limited Companies:
    • Certificate of Incorporation
    • Certificate of Continuance (if applicable)
    • Notice of Directors
    • Notice of Secretary
    • Notice of Address
    • Latest Annual Return filed by Company
    • Vat Registration Certificate
    • By-Laws (if no By-Laws provide a letter printed on the company’s letterhead stating same)
  • Valid ID’s
    • Two (2) forms of ID for each Director and Secretary or Sole Trading Partner
  • Completed Statement of Affairs for the Main Principal(s) of a Limited Company
  • Financial Accounts for last 3 fiscal years (Audited or Management)
  • Interm Financial Accounts for 6 months OR 6 months Bank Statements
    • (if 6 months from the Financial Year End has elapsed)
  • Business Plan

 

ESPECIALLY FOR CONTRACTORS:

  • Up to date Aged listing of Receivables and Payables
  • Proof of Trade (for Contractors)
    • Copies of past significant contracts
    • Copies of Ongoing contracts
    • Listing of Expected contracts
      (All including contract dollar values, % completion, contract period)
  • Cash Flow Projections for the next 12 months