Big businesses require big loans. The NOMASE Microfinance Bank “SME Loan” is a credit product designed specifically to support Small and Medium Scale Enterprises (SMEs) operators in Nigeria. Irrespective of the sector your enterprise is operating, NOMASE MfB is willing to support you with a credit facility up to N5,000,000 to expand the enterprise.
At an affordable interest rate, Nigerian SMEs can now maximize their potentials with the SME Loan for the expansion of their businesses.
Features
- Facility amount up to N5,000,000
- Methodology: Individual
- Duration: 12 months
Benefits
- No collateral
- Access to funds for business expansion
- Flexible repayment structure
- Training on basic financial management, business planning and customer relations
- Low interest rate
- Expert financial advice available when you need it
Requirements
- Loan application letter
- 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
- 4 recent passport-size photographs
