Loans

Projects Assets Finance Loans

LIMIT Minimum of N50,000 to Maximum of N1,000,000
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
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
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
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.

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