Frequently Asked Questions
Everything you need to know about the Secured Term Loan
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The most frequently asked questions
Who can access the Secured Term Loan facility?
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Salaried customers with evidence of salary |
Who is eligible for a Secured Term Loan?
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Be a confirmed staff member (employed for at least 6 months) with a pre-approved employer .e.g Military personnel, Police officers, members of paramilitary organisations or private organisations |
What collateral is required?
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Salary Domiciliation Evidence of terminal benefits (gratuity) |
What is the minimum income requirement?
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Applicants must earn a minimum net monthly income of NGN 100,000. |
What documents are required to apply?
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What currencies can I access on this facility?
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- USD (If the customer earns in USD)