SME Loan
Loan for small and medium-sized enterprises (SMEs) to access larger credit facilities.
SME Loan gives clients access to larger credit facilities tailored for enterprise-level needs. Loan amounts range from ₦500,000 to ₦2,000,000, with a 3% monthly service charge. The loan term is flexible, and repayment is structured in equal monthly installments over the agreed period
Features
- Loan size: ₦500,000 to ₦5,000,000
- 3% monthly service charge
- Repayment in equal monthly installments over the loan term
- Flexible loan term
- 30 days grace period
Benefits
- No collateral required
- Access to higher loan amounts
- Training on basic financial management, business planning, and customer relations
- Flexible loan term
- 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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