How do I apply for SME 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.

• 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

• 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

• 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.