Target Audience: Traders with established cash conversion cycles (e.g., butchers, bale openers, bulk buyers)
Loan Amount: ₦100,000 – ₦300,000
Tenure: 30 days
Interest Rate: 20% – 30% per annum
Interest Fee: 1% – 2% flat
Collateral: Personal guarantee, post-dated cheques, one surety, stock hypothecation, and guarantor’s letter of consent
Other Requirements: Functional savings account
Processing Time: Within 3 working days
Note: Renewable upon full repayment within stipulated time
Target Audience: Salary earners and individuals with stable income
Loan Amount: ₦50,000 – ₦150,000
Tenure: 3 months
Interest Rate: 20% – 25% per annum
Interest Fee: 1% – 1.5% flat
Collateral: Three post-dated cheques, one surety (spouse co-sign), salary slips, employer’s acknowledgment letter
Other Requirements: Savings account, school fee invoice
Processing Time: Within 2 working days
Note: Auto-renewable upon repayment
Target Audience: Businesses with capital above ₦500,000 seeking to augment working capital
Loan Amount: ₦500,000 – ₦3,000,000
Tenure: 3 – 12 months
Interest Rate: 20% – 30% per annum
Interest Fee: 2% flat per month
Collateral: Landed property with a building, perfected shop ownership documents, or other significant assets
Other Requirements: Minimum ₦100,000 savings balance, profitability analysis, personal and third-party guarantees
Processing Time: Within 5 working days
Note: Auto-renewable upon prompt repayment
Target Audience: High-net-worth importers (individual or corporate)
Loan Amount: ₦3,000,000 – ₦10,000,000
Tenure: 12 months
Interest Rate: 20% – 25% per annum
Interest Fee: 1.5% – 2% per month
Collateral: Landed property (150% forced sale value), legal mortgage, stock hypothecation
Other Requirements: ₦500,000 minimum savings balance, board resolution (Ltd), proforma invoice, strong financials
Processing Time: Within 5 working days
Note: Renewable with strong repayment history