In case of business closure, what steps do I need to take regarding my outstanding loan balance?
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.
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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.
What is the minimum loan amount my business can take?
Businesses that fall into our interested business lines can take a minimum of 1 million Naira
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.
What is the minimum loan amount my business can take?
Businesses that meet our minimum monthly revenue can access up to N1 million Naira
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.