Payday Loan(Private Sector)

This is a loan facility designed to meet urgent needs and bridge liquidity gaps of salary earners in private establishments. It is structured against monthly salary.

Features

• The net salary determines the loan amount to be availed.
• Competitive interest rate
• Seamless service delivery.
• Convenience in repayment
• Flexible tenor.

Payroll Loan(Public Sector)

This is a loan facility designed to meet urgent needs and bridge liquidity gaps of salary earners in public establishments. It is structured against monthly salary

Features

• The net salary determines the loan amount to be availed.
• Competitive interest rate.
• Seamless service delivery.
• Convenience in repayment
• Flexible tenor

SME Loan

Small Medium Enterprise (SME) loans are designed to enable small entrepreneurs access business loans – working capital, project, supply (LPO) etc. Securities for these loans are based on traditional collaterals. The loan is to augment working capital and not for start-up business.

Features

• Competitive interest rate
• Flexible collateral.
• Repayment is structured for every 30 days
• Business turnover determines the loan amount
• Tenor is within 180 days

Retail Loan

This loan facility is for traders with lockup shops who have a viable business with daily sales to augment their working capital.

Features

• Attractive interest rate
• Loan availed through personal guarantee or collaterals and charttel mortgage.
• Flexible repayment structured against the business turnover.
• Tenor is within 240 days
• Loan amount of maximum of N1,500,000.

Asset Loan

This product is designed to procure desired assets for our customer cutting accross different types of home appliances - TV, Refridgerator, Deep Freezer, Air Conditioner, Washing Machine, Microwaves, to mention a few from reputable vendors. With this product, the customer has possession while the bank has ownership.

Features

• Competitive interest rate
• Flexible tenure
• Asset serves as collateral.
• Seamless asset delivery
• Convenient repayment pattern.
• Comprehensive insurance required on the asset