Loan Product
SALAD
Targeted at employee of reputable organizations and High Net-worth individuals (HNIs) who receive regular monthly salary.
Requirements
- Application Letter.
- Duly completed loan application form.
- Salary Account must be domiciled with Grooming MFB.
- Confirmed staff whose salary have run for at least six months.
Features & Benefits
- Duration: 12 Months.
- Maximum Loan Amount of N2,000,000
- School Must have a running account relationship with Grooming MFB.
- Available to Private Schools that are duly registered with CAC with Government Approval.
- School must have a minimum number of 100 students.
- Rate: 3% flat.
- Credit life Insurance 2% flat.
- No collateral
- Convenient for financing working capital
- Flexible repayment structure
