What’s in it for You

  • Up to N5 Million for your fashion business.
  • Single digit (9% per annum) interest rate
  • No fees
  • Flexible repayment plan spread over 360 days
  • Customers can access up to 50% of average annual turnover


  • Your fashion business should be duly registered with the Corporate Affairs Commission
  • You should have operated your account for at least 1 (one) year.
  • Your Credit Bureau Report should be positive and show no unpaid obligations owed to any bank.

How to Apply for Fashion Credit

  • Simply click on Fashion Credit on GAPS Lite and follow the prompts.


Here is everything you need to know about Fashion Industry Credit

Fashion Credit is a time loan specially designed to provide capital funding to SMEs in the fashion industry. 

Loan tenor is 12 months.

Fashion Industry Credit is available on GAPS, GAPS Lite

Yes, business must be more than 3 years. 

Fashion Credit will be availed immediately via e-channels after a successful application.

Terms and Conditions


  1. Business must be duly registered with Corporate Affairs Commission with appropriate TIN and SCUML where applicable(Both Business names and Limited Liability Companies).
  2. Business must have been operating an account with the Bank for at least 1 year.
  3. Qualified customers can access 50% of average annual turnover).
  4. Lodgement and turnover analysis will be done on customer account to ascertain level of business in the last 12 months.
  5. Satisfactory CRMS report of the customer (Borrower).
  6. Customer must not have any past due obligation with any Bank nor have more than two returned cheques in the last one (1) year.