SME Loan
Loan for small and medium-sized enterprises (SMEs) to access larger credit facilities.
SME Loan gives clients access to larger credit facilities tailored for enterprise-level needs. Loan amounts range from ₦500,000 to ₦2,000,000, with a 3% monthly service charge. The loan term is flexible, and repayment is structured in equal monthly installments over the agreed period
Features
- Facility range: N500, 000 to N2,000,000
- Methodology: Individual
- Duration: Flexible
- Grace period: 30 days
Benefits
- No collateral required
- Access to a higher loan to fund your business enterprises
- Training on basic financial management, business planning and customer relations
- Flexible loan term
- 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.
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Regular Loan
Group loan for micro business owners in agro-allied and non –agro allied businesses.
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Asset Loan
Loan for acquiring productive assets, available to individuals and groups, including walk-in-clients.
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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.
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