Loan Product

SME Loan

Targeted at Small and Medium Entrepreneurs to boost their businesses.

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Requirements

  • Application Letter which must on company letter head.
  • Duly Completed loan Application Form.
  • 6 months Bank Statement from any bank if relationship with the is not up to 3months.
  • Board resolution if applicable.
  • Any other documents that maybe required by the bank.

Features & Benefits

  • Duration: 12 Months.
  • Maximum Loan Amount of ₦5,000,000.00.
  • Group-migrated customers must have completed 2 cycles of the Micro Credit/Asset Loan while Individual customers present a 6 months activity report from any commercial Bank.
  • Availability of duly registered documents with CAC.
  • Rate: 2.5 – 3% flat.
  • To create unfettered access to credit facility for the growth of our customers businesses.
  • Availability of duly registered documents with CAC (for Corporate Customers).