MSME loan
Medium Scale Business
- Irregular Income
- Has Many Choices
Applicable products
Stock financing, Invoice discounting, LPO, Trade Financing, Leases / Asset finance, Working Capital
Risk acceptance criteria
- Customer must have evidence of reasonable sources of income
- Customer does not have any non-performing loan
- Customer must have a verifiable means of identification in addition to BVN/NIN
- Customer must have a registered business enterprise
- Customer must have an active bank account
- Guarantor with verifiable income is required
- Asset used as collateral for asset financing products
