Loan Products

Payday Loan
(Private Sector)

This is a loan facility designed to meet urgent needs and bridge liquidity gaps of salary earners in private establishments. It is structured against monthly salary.

Features
  • The net salary determines the loan amount to be availed.
  • Competitive interest rate
  • Seamless service delivery.
  • Convenience in repayment
  • Flexible tenor.

Payroll Loan
(Public Sector)

This is a loan facility designed to meet urgent needs and bridge liquidity gaps of salary earners in public establishments. It is structured against monthly salary

Features
  • The net salary determines the loan amount to be availed.
  • Competitive interest rate.
  • Seamless service delivery.
  • Convenience in repayment
  • Flexible tenor

SME Loan

Small Medium Enterprise (SME) loans are designed to enable small entrepreneurs access business loans – working capital, project, supply (LPO) etc. Securities for these loans are based on traditional collaterals. The loan is to augment working capital and not for start-up business.

Features
  • Competitive interest rate
  • Flexible collateral.
  • Repayment is structured for every 30 days
  • Business turnover determines the loan amount
  • Tenor is within 180 days

Retail Loan

This loan facility is for traders with lockup shops who have a viable business with daily sales to augment their working capital.

Features
  • Attractive interest rate
  • Loan availed through personal guarantee or collaterals and charttel mortgage.
  • Flexible repayment structured against the business turnover.
  • Tenor is within 240 days
  • Loan amount of maximum of N1,500,000.

Asset Loan

This product is designed to procure desired assets for our customer cutting accross different types of home appliances - TV, Refridgerator, Deep Freezer, Air Conditioner, Washing Machine, Microwaves, to mention a few from reputable vendors. With this product, the customer has possession while the bank has ownership.

Features
  • Competitive interest rate
  • Flexible tenure
  • Asset serves as collateral.
  • Seamless asset delivery
  • Convenient repayment pattern.
  • Comprehensive insurance required on the asset

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