Loans
Loan Application Forminstant-download.pdf
Guarantor's Form for Individualinstant-download.pdf
Projects Assets Finance Loans
LIMIT | Minimum of N50,000 to Maximum of N1,000,000 |
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Equity Contribution | 30% |
Pricing | 8% reducing balance |
Tenor | Between 6-12 months |
Security | - 2 post-dated cheques
- 2 guarantors - Assets must be insured comprehensively and acquired in bank's name - Other acceptable securitites for loan |
Fees | 1% each for legal, management and processing. |
Benefits | - Attractive interest rate. - Flexible collateral i.e Asset serves as the collateral to the loan. - Access to quality asset through the bank's credible vendors. - Quick turn-around time. |
Projects Personal Loans
LIMIT | Minimum of N50,000 to Maximum of N1,000,000 |
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Equity Contribution | This may be required |
Pricing | 4% flat |
Tenor | Between 4-6 months |
Security | - 2 post-dated cheques
- 1 guarantor |
Fees | 1% each for legal, management and processing. |
Benefits | - Attractive interest rate. - Flexible collateral. - Quick turn-around time. |
Projects Esusu Loans
SAVINGS ACCOUNT (PESA)
Projects Esusu Account is a scheme that enables the customer to make savings daily. This ia an account for traders, artisans, self-employed and individuals in general.
LIMIT | Between N50,000 and above |
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Equity Contribution | 25% |
Pricing | 4% flat |
Tenor | 3 months |
Security | Hypothecation of goods |
Fees | Waived |
Projects Women
SABI ACCOUNT (PWOSA)
A flexible and women-friendly account designed to meet the financial needs of women for their businesses or for personal use.
Equity Contribution | Save N50,000 and collect double i.e N100,000 as loan |
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Pricing | 4% flat |
Tenor | Between 4-6 months |
Security | - Hypothecation of goods
- 2 guarantors - At least 1 post-dated cheque - Other valuable securities acceptable as collateral |
Fees | 1% each for legal, management and processing. |