Asset Loan
Loan for acquiring productive assets, available to individuals and groups, including walk - in- clients
This loan is designed for clients advancing beyond the second stage of the group loan, enabling them to acquire productive assets. The maximum loan amount is ₦1,000,000, with a 3% monthly service charge. Repayments are structured in equal monthly installments over the loan term.
Features
- Facility range: N100,000 to N1,000,000 for first stage loan
- Methodology: Group
- Duration: flexible, but most not exceed ten months
- Flexible loan term
- Grace period: 30 days
Benefits
- No collateral required
- Provides capital for farming activities
- Flexible loan term
- Low interest rate
- Expert financial advice available
Documentation
- Duly completed application form
- 2 guarantor
- 4 recent passports-size photograph with white background
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
Explore other loan options
Agricultural Loan
Group loan for medium-scale farmers and non-farmers within the Agricultural Value Chain (AVC) to enhance production.
read more
Regular Loan
Group loan for micro business owners in agro-allied and non –agro allied businesses.
read more
SME Loan
SME Loan for small and medium-sized enterprises (SMEs) to access larger credit facilities.
read more
Business Success Loan (BSL)
This is a small business loan for business men and women, whose daily schedule does not allowed them to join a group.
read more
