Working Capital loan to support SME business growth
Features
· Business expansion and upgrade loan facility for SME business ventures
· To qualify, run a current account with Xslnce MFB for minimum 3 - 6months
· Latest 6months bank statement from other financial institution / other business records (Business must have existed for more than 6months).
· Accessible amount - N100,000 to N2,000,000
· Loan Duration from 3 -12 months
· Require guarantor and/or valuation report on security
. 24hours processing time, Interest rate from 6% flat (management and legal fees applies).
Account Opening Requirements
Our accounts are easy to open and operate regardless of your location through our branch office, ATM services, Mobile-banking, our agents and our partner correspondent banks (Stanbic IBTC Banks and Zenith Bank branches)
Requirements
- Original and photocopy of valid ID
- 2 Passports Photographs
- Completed account opening forms
- Registration certificates for businesses, registred groups and associations
- Marriage certificates for married joint
- Copy of utility bill
- Two references
