LOAN TERMS:
Lender
LOAN TERMS:
Central Bank of Nigeria
Eligibility
LOAN TERMS:
The fund is available to businesses involved in the following areas listed below to enable them finance the purchase of home-grown maize.
– Feed Millers – Poultry Farmers – Silos Operators
-Warehouse Operators – Confectionery
Loan Limit
LOAN TERMS:
Maximum Limit: N2B.
Interest Rate
LOAN TERMS:
Maximum Interest Rate: 9% p.a
Moratorium available
Max Tenor
LOAN TERMS:
Maximum Tenor: 12 months
Security Required
LOAN TERMS:
Minimum Equity Contribution-30% of total project cost plus any of legal mortgage, all assets debentures, personal guarantor
Documents Required
LOAN TERMS:
- Customer’s request letter
- Company registration
- Cash flow analysis
- Audited financials (if applicable)
- Valuation report of property to be pledged as collateral
- Legal mortgage over suitable property to be pledged as collateral
Approval Time
LOAN TERMS:
About Four (4) months from the time you submit all the required documentation
Thinking About Repayment Plan?
Calculate the monthly payment and overpayment for the loan
