SME Loan

Limit: N50Million
Maximum Tenor: 12 months
Management Fee: 1% flat

Requirement

6 SME LOAN WORKING CAPITAL LOAN Limit: N50Million
Maximum Tenor: 12 months
Management Fee: 1% flat Completed Application Form
One year bank statement
CAC documents
Means of ID of signatories to the account(drivers license, international passport, NIN card)
Recent utility bill of office address/home address
Comprehensive Insurance on motor vehicles proposed as collateral
Execution of bill of sale of asset pledged as security
Executed Guarantor Form
Cheques to cover loan repayment.
Other relevant documents as may be required for the working capital (Purchase Order, Invoice discounting etc).
Issuance of cheque to cover principal and accrued interest on loan
Applicable Insurance Cover (as it applies to transaction e.g. Goods In Transit, Performance Bond).