Product

DO YOU NEED LOAN FOR

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Sme Loan

Product Details

Characteristics

  • Secured loans up to N1,000,000
  • EMI options up to 12 Months.
  • Wide range of acceptable Collaterals.
  • Loan to Value (LTV) of up to 75% of market value of Collateral
  • Loan disbursement through NIP/NEFT

Eligibility

  • Goods and Service provider to education segment
  • Profitable business from last 3 years.
  • Strong operational income and Committed Management.
  • Good repayment track of existing loans (if any)
  • Loan disbursement through NIP/NEFT

Purpose

  • Purchase of Raw Materials, Machineries and Equipment
  • Undertaking of Capital Expenditure for capacity expansion
  • Renovation of existing infrastructure
  • Financial planning of existing loan liabilities

Documentation

  • Duly filled in Application form.
  • KYC Documents –ID and Residence proof of applicant and co-applicants.
  • Latest 6 months Banks statement of applicant and co applicant.
  • Balance Sheet of last 2 years.
  • Income tax returns of last 2 years.

OUR TRUSTED PARTNER

Our endeavor is to be a school’s most valuable and long-term partner as it grows and improves to reach its full potential. We accomplish this by being agile, responsive and supportive while ensuring minimal disruption in the school’s daily routine.