This product is designed for business owners with regular transactions.
Objective: To enhance their working capital and to ensure that their stocks are built up for growth and expansion purpose.
FEATURES:
- Facility amount is up to N3million
- Upfront charges is 5% flat
- Tenor is 180days
- Interest rate of 6% reducing balance
- Regular domiciliation of sales proceeds
- Loan application form is 2,000
- Credit search fee is 2,000
- Security: 2 guarantors with photocopy of identity card and 2 cheque leaflets, Compulsory domiciliation of sales proceed, pledge of tangible collateral asset<200% of the facility and in case of motor vehicle, it must be comprehensively insured
- Loan will be duly guaranteed