LOAN TERMS:
Lender
LOAN TERMS:
Central Bank of Nigeria
Eligibility
LOAN TERMS:
It is for businesses involved in manufacturing and construction.
Loan Limit
LOAN TERMS:
Maximum Limit: N5B
Interest Rate
LOAN TERMS:
Maximum Interest Rate: 9% p.a.
Moratorium Available
Max Tenor
LOAN TERMS:
Maximum Tenor: 7 years
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
Cashflow 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
