This loan product is designed to meet the credit needs of clients who desire bigger loan sizes to strengthen their businesses. They must successfully complete the repayment of the regular loan overtime. It is an advanced package of the Regular Loan that can be accessed by union members.
Features
- Facility range: N50,000 (minimum) to N250,000 (maximum)
- Methodology: Group
- Duration: 6 months
- Grace period: 1 month
Benefits
- No collateral
- Access to a higher loan to fund your business enterprises
- Training on basic financial management, business planning and customer relations
- Flexible repayment structure
- Low interest rate
- Expert financial advice available
Requirements
- You must have had an excellent repayment performance while accessing Regular Loan
- Duly completed application form
- 2 guarantors
- Duly executed Global Standing Instruction
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Current utility bill
- 2 recent passport-size photographs
