Loan Product
SME Loan
Targeted at Small and Medium Entrepreneurs to boost their businesses.
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).