SME Loan

Duly completed account – opening form
2 Passport – sized photographs of the account holders and Parent/Guardian
Satisfactory evidence of identity(Driver’s License, National ID, Voter’s Card, Sworn Affidavit, Int. Passport, Tax Clearance )
Certificate of Incorporation(Forms 2,3 and 6 issued by the CAC or a copy of the organization’s rules, regulations, trust deed or its constitution – Original to be sighted)
Indemnity Letter
Favourable Legal Search Report
Form C07 (issued by CAC) indicating particulars of Directors of the Company.
Guarantors
Memorandum and Articles of Association

Amount – (Loan above N500,000)
Cars can stand as collateral. The cars must worth at least 2 x of the loan amount.
Landed property needed for facility above N2m.
Animi veniam veritatis sint
Detailed KYC on clients
Minimum account relationship of 2 months.
2 guarantors with undated cheques written in the bank’s name
Customer must drop 6 cheques to read the Principal plus interest
Tenor is maximum of 6 months
Stock freeze down / shop transfer.
SMEs’ to be insured against notable risks.