Asset Loan
Loan for acquiring productive assets, available to individuals and groups, including walk - in- clients
This loan is designed for clients advancing beyond the second stage of the group loan, enabling them to acquire productive assets. The maximum loan amount is ₦1,000,000, with a 3% monthly service charge. Repayments are structured in equal monthly installments over the loan term.
Features
- Loan size: ₦500,000 to ₦2,000,000
- 3% monthly service charge
- Repayment in equal monthly installments over the loan term
- Flexible loan term
- 30 days grace period
Benefits
- No collateral required
- Flexible loan term
- Low service charge
- 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)
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