Regular Loan
Group loan for micro business owners in agro-allied and non –agro allied businesses.
This group loan is tailored for micro-business owners engaged in agro-allied ventures. Loan amounts range from ₦50,000 to ₦150,000, with a 3% monthly service charge. Repayments are made in equal monthly installments throughout the loan tenure.
Features
- Loan size: ₦50,000 to ₦150,000
- 3% monthly service charge
- Repayment is equal monthly installments over the loan term
- Flexible loan term
- 30 days grace period
Benefits
- No collateral required
- Provides capital for business activities
- Flexible loan term
- Low service charge
- Expert financial advice available
Documentation
- Duly completed application form
- 1 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)
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