SME Loan

  • Amount: ₦3,000,000 to ₦15,000,000
  • Rate: 6% Flat - Fixed Cost, 10% Flat - Reducing Balance
  • Tenor: Minimum of 3 Months, Maximum of 6 Months
  • Easy Online Application
  • Fast Decision

LIST OF REQUIREMENTS

  1. Fully completed account opening form
  2. Fully completed loan application form & guarantor form
  3. BVN, KYC forms and valid identity cards of company directors, guarantor and account signatories
  4. Six months (up-to-date) statement of company’s corporate account
  5. Copy of Certificate of Incorporation
  6. Memorandum and Article of Association
  7. Copy of Form CO2
  8. Copy of Form CO7
  9. Interest rate of 6% Flat monthly
  10. 3 -12 months’ tenor
  11. Processing fees and insurance of 2% and 1% respectively
  12. Banker guarantor of manager grade and above
  13. Payment of N3,000 credit check fees upfront
  14. Postdated cheques of the borrower to cover tenor of the facility as well as that of the guarantor.
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