Loans for

Small & Medium Enterprise

This is a product targeted at corporate institutions from designated sectors of the economy. Loan required towards working capital enhancement, bridge finance towards expected receivables or for the execution of jobs.

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Requirements
  • Loan amount between N500,000 & N50,000,000
  • Tenure between 60-180days.
  • Securities: (Motor vehicle/ C of O of a Landed property)
  • Posted cheques from beneficiaries and guarantors
  • Minimum of 6 months Bank statement
  • Interest rate of 5% and 4% upfront fees
  • Financial statement (for corporate customers)
  • Customers for LPO finance (LPO will be confirmed and domiciliation of payment will be pursued if possible)
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