Asset loan as the name implies is targeted to help existing clients of NOMASE MfB purchase assets such as generator, refrigerator, grinding machines etc. that will further enhance the productivity of their enterprise.
Features
- Facility range: N20,000 (minimum) to N400,000 (maximum)
- Methodology: Individual and group
- Duration: 11 months
- Grace period: 1 month
Benefits
- No collateral
- Quick access to funds for the purchase of business assets
- Flexible repayment structure
- Low interest rate
- Expert financial advice available
Requirements
- Savings account with NOMASE MfB
- 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
