Commercial / Business Loans

Commercial Loan

  • These are overdrafts and loan facilities granted to individuals, corporate bodies, enterprises and others in active business.
  • Applicant shall be loyal customer and should operate an active account for a period not less than six (6) months.
  • An applicant can provide at least two (2) salaried workers who collect their salary through the Bank as guarantors.
  • Applicants can use a landed property and/or cash lien of 20-30 to secure the loan.
  • Repayment shall be on monthly basis and shall not exceed twenty-four (24) months.