My Own Asset Loan
Designed for micro business owners/ entrepreneurs that desire to own a business asset(s) but lack conventional collateral to secure loan from conventional banks.
Features
- Asset will be insured(comprehensive)
- Competitive interest rate @ 4%-5%
- Asset loan of up to N5million
- Flexible loan tenor up to 24 months
- Insured loan of 1%.
- Admin fee of 1%
- Commitment fee of 1%
- 10% Equity contribution
Benefits
- Bonding of different asset
- Easy documentation
- Competitive interest rate
- No hidden charges
Requirements
- Proforma invoice of asset of choice
- A/C opening required
- Prove of business ownership and experience
- Guarantor
- Proof of viable business