Payday Loan

Rate: 6% | Tenure: Max 273 days

This is a facility designed to meet the urgent needs of salary earners in private establishments. It is structured against salary.

Features

  • The net salary determines the loan amount to be availed
  • Affordable interest rate.
  • Seamless service delivery.
  • Convenience in repayment.
  • Flexible tenure up to 273 days.

 

Payroll Loan

Rate: 6% | Tenure: Max 273 days

This is a facility designed to meet the urgent needs of salary earners in the public establishment. It is structured against salary.

Features

  • Affordable interest rate.
  • Loan availed through personal guarantee.
  • Flexible repayment structured against the business turnover.
  • Flexible tenure, not more than 180 days.
  • Loan amount of a maximum of N500,000.

 

Step-Up Loan

Rate: 6% | Tenure: Max 273 days

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

Features

  • The net salary determines the loan amount to be availed
  • Affordable interest rate.
  • Seamless service delivery.
  • Convenience in repayment.
  • Flexible tenure up to 273 days.

 

SME Loan

Rate: 6% | Tenure: Max 273 days

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.

Features

  • Affordable interest rate.
  • Flexible collateral.
  • Repayment is structured against the business turnover.
  • Flexible tenure of not more than 180 days.
  • Loan amount of maximum of N10 Million Naira.