Are there other fees attached to my loan processing?

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• Can I still apply for a loan if I have a personal loan or SME loan outstanding with another lender?

  Yes, you can if the loan is performing well, and your monthly turnover can service both loans.

• How can I be eligible for more loan amounts?

  By following these two conditions; 1. Continuous adherence to processing sales transactions through the business account shared with us. 2. Prompt repayment of active loans before and on due date

• Can my loan repayment be made before the due date?

  Yes, your loan repayment can be made before the due date. It is advisable to do this as it improves your credit rating.

• How many stages do I have to follow before i can access SME loan?

  About three stages; Online onboarding Loan offer negotiation/acceptance Collateral assessment

• What is the minimum monthly revenue required for an SME to qualify for a loan?

  For SME loan, your least monthly revenue should be N4 million and above