What is the minimum loan amount my business can take?

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• 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 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 monthly revenue required for an SME to qualify for a loan?

  For SME loan, your least monthly revenue should be N4 million and above

• 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.

• Are there other fees attached to my loan processing?

  Yes, the admin fee of 1% is factored into the total loan amount