Festival Loan is a product designed to provide existing and prospective clients of NOMASE MfB the capital to finance their businesses during festive periods. This loan is suitable for clients whose businesses usually experience high sales during festive periods and require quick fund to strengthen the business activities.
Features
- Facility range: N50,000 (minimum) to N250,000 (maximum)
- Methodology: Group
- Duration: 4 months
- Grace period: 1 month
Benefits
- No collateral
- Access to a quick, higher loan to fund business activities
- Training on basic financial management, business planning and customer relations
- Flexible repayment structure
- Low interest rate
- Expert financial advice available
Requirements
- Duly completed application form
- An application letter
- 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
