Does my business need to be registered with CAC (Corporate Affairs Commission) to apply for a loan?

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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.

• 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.

• 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.

• 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

• Can I submit my loan application online, or do I need to visit a physical branch?

  You don’t need to be at a physical branch. If assistance is needed, a sales officer can assist you online.