How many stages do I have to follow before i can access SME loan?
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
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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 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
What is the minimum loan amount my business can take?
Businesses that meet our minimum monthly revenue can access up to N1 million Naira