(1) Group Lending. The Bank focuses on Group and Individual Lending methodology to guarantee Prosperity and financial freedom for the Bank customers. Marketers are encouraged to concentrate on Group Lending.


(a) For Group lending, all Group Members must complete Application Form, listing all the Group Members’ names and signatures, consenting to the Group's Social Security as well as the Joint and Several Liability.

(b) A leader and Secretary are appointed among themselves. The Group Leader and Secretary must sign the above application form and must be notarized.

(c) Group Members’ Cross Guarantee, among themselves, must be completed by each Group Member.

(d) Third Party Personal Guarantee must be provided by each Group Member to ensure timely loan repayment, in the event of default.

(c) Stock of Goods in the shop is also used to support this Guarantee via The Bill of Sale Agreement.

(d )Each Group Member will accept our Offer Letter for the Loan Facility which will be disbursed directly into his/her personal account.

(e)The Group Members must maintain the Group’s Savings Account separate from the members’ own account.

(f) Where the Group is large, phased Group Lending shall be applied for the benefits of the entire Group.

(g) Group Members must be involved in active/viable economic activities.

The above process in (1) shall apply except it will be based on individual assessment.


  1. The customer must complete the Bank’s Loan application form to enable us complete loan’s tracker compliance form.
  2. Any amount from N50,000 requires security in form of supported Third Party Guarantee as stated in (1) above.
  3. Customer must provide at least 20% Equity Contribution of the loan amount being requested.
  4. Customer is responsible for Notary Stamping.

This is designed in response to our numerous customers’ empowerment policy on working capital credit facility.


(a) These are term loans designed to suite the individual peculiarities of the Small and Medium Scale Enterprises who must have properly opened a corporate current account with us.

(b)The account must have been properly operated for at least 30 days before seeking for this facility.

(c)The customer must provide at least 20% Equity Contribution of the loan amount being requested.

(d) Two Third Party Individual Guarantee/Indemnifiers are required and supported by their personal post-dated cheques up-to 150% of loan amount.

(!) Please note that Company’s cheques are not required for individual lending from any guarantor who signed the Guarantee Form.

(!) Unsupported Guarantee Forms are not required. Credit facility request shall be declined if documentation is incomplete.

(!) Stocks of Goods are not required to secure an SME’s facility.

(e) Maximum tenor is 120 to 270 days only or as may be approved by executive management.

(f) Pricing is 4% interest rate per month excluding Management and processing fees.

(g) Corporate/Individual client must provide a cash flow report and statement of financial position to enable us assess the viability of the request.