SME Loan

Requirements For SME Loan

SME- INDIVIDUAL

1,000,000 and above

  • Duly completed account opening form
  • Duly completed loan form
  • Passport photographs of borrower
  • Valid means of identification
  • Recent utility bill
  • NIN
  • 6 months statement of accounts
  • Signed undated Cheque
  • 3% upfront fee and maximum of 4% flat monthly interest rate
  • Maximum of 10% equity contribution
  • Maximum tenor of 360 days
  • 2 qualified guarantors
  • Passport photograph each from guarantors
  • Guarantor valid means of identifications and utility bill
  • Guarantors 6 months statement of account.
  • Signed undated cheques from each of the guarantors