This product is designed for business owners and salary earners.
Objective: To enable customers acquire household items (e.g. Electronics, Furniture, Mattress, Laptops, Air-conditions, kitchen utensils) either for business purpose or personal use.
FEATURES:
- Loan tenor is 180days
- 30% equity contribution
- Maximum loan obstainble is N500,000
- Interest rate 6% reducing balance
- Loan application form is 1,000
- Credit search fee is 1,000
- Upfront charges is 5% flat
- Security: 2 guarantors with Photocopy of identify card and two cheque leaflets, Pledge of household
- Loan will be duly guaranteed