What happens if my business needs to restructure its loan due to unforeseen circumstances?

• Related Articles

• 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 loan repayment be made before the due date?

  Yes, your loan repayment can be made before the due date. It is advisable to do this as it improves your credit rating.

• 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

• 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.