Nigeria
SME Loan
Do you need working capital for your business? The SME Loan is a tailored made lending facility that is available to businesses for meeting working capital needs and to achieve business goals.
Benefits of SME Loan
Support
Gap-funding to meet urgent business demand
Ease
This solution is accessible to existing and new to bank customers with limited documentations required.
Speed
This solution has a quick turnaround time with 24-hours delivery for eligible customers.
Flexible Terms
Repayment plan is tailor made and based on customer’s cash flow
What you Get
- Availability of short-term working capital to customers
- Bridging short term financial needs
- Business growth for customers
How to get it
- Applicant’s formal letter of request for loan
- Satisfactory credit checks from 2 credit bureaus
- Banking history of at least six months with Stanbic IBTC Bank or 12 months with other Banks
- Registered enterprise or limited company (Incorporation) Documents to be provided
- Tax Identification Number (TIN)
- Upon loan approval, duly accepted Offer Letter.
What it costs
- TOD and Advance: 36% with free insurance
- Short Term Loan: 36% with free insurance
- Management Fee: 1%
* There is no concession on the pricing
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What you Get
-
How to get it
-
What it costs
- Availability of short-term working capital to customers
- Bridging short term financial needs
- Business growth for customers
- Applicant’s formal letter of request for loan
- Satisfactory credit checks from 2 credit bureaus
- Banking history of at least six months with Stanbic IBTC Bank or 12 months with other Banks
- Registered enterprise or limited company (Incorporation) Documents to be provided
- Tax Identification Number (TIN)
- Upon loan approval, duly accepted Offer Letter.
- TOD and Advance: 36% with free insurance
- Short Term Loan: 36% with free insurance
- Management Fee: 1%
* There is no concession on the pricing