Cash Loan

Agric Loans

  • Features

    Maximum obligor limit is N50m.

    Maximum tenure is 5 years.

    Management experience of at least 3 years in the enterprise to be funded is required

  • Benefits

    Interest rate: 9% (all-in), no other fee can be charged.

    Credit facility is available either as term loan or overdraft.

  • Required Documents

    Formal application for a credit Facility.

    Certificate of Incorporation.

    Memorandum and Article of Association (MEMART).

    Board Resolution to Borrow.

    Feasibility Study/Business Plan.

  • Who Can Apply

    SMEs with at least 3yrs Mgt Experience (Max obligor limit of N50m).