This is a term loan for SMEs aimed at facilitating asset acquisition and business expansion.

  • Maximum Loan Facility Amount - N20million
  • Maximum tenor of 36months
  • Irrevocable Domiciliation of inflows is required
  • Repayment for the loan shall be equal monthly repayment of principal and interest or Flexible repayment of principal and monthly repayment of Interest
  • Equity Contribution is 20% of asset financed or business expansion fund.
  • Interest rate: Competitive
  • Security for the loan is personal Guarantee and statement of net worth of promoter and 3rd party OR Legal Mortgage on financed properties Ownership of financed asset.
  • Government or professional operating licenses required. (Whichever applies)