This is a facility targeted at business people to assist them boost their business with working stock or to increase capital. One can qualify for amounts as high as 5,000,000 with a maximum repayment period of 6 months.
In Summary, Business Loans is used to finance Short Term Working Capital.
The repayment period ranges from 4 to 12 Weeks or from 1 to 3 Months. The loan size ranges between NGN1,000,000 to NGN5,000,000.