Can I still apply for a loan if I have a personal loan or SME loan outstanding with another lender?
Can I still apply for a loan if I have a personal loan or SME loan outstanding with another lender?
Yes, you can i
f
the
loan is performing
well,
and your monthly turnover can service both loans.
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Can my business apply for a loan even if it's not domiciled in a major city like Lagos?
For now, our SME loan is only for businesses located in Lagos.
How do I apply for SME loan?
Discuss with a sales agent who will access your business, and if you qualify, an online onboarding form will be sent to you
In case of business closure, what steps do I need to take regarding my outstanding loan balance?
In this case, it is advisable to pay off your outstanding loan before closure.
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
Does my business need to be registered with CAC (Corporate Affairs Commission) to apply for a loan?
Yes, your business has to be registered with Corporate Affairs Commission (CAC) to confirm if your business has the legal rights to operate in Nigeria.