MSME loan
Small Scale Businesses
- Irregular Income
- Has Limited Choices
Applicable products
Trade finance, Leases, Asset finance, Stock Finance, Overdraft
Risk acceptance criteria
- Customer must have evidence of reasonable sources of income
- Customer must have incorporated the company
- Customer does not have any non-performing loan
- Customer must have a verifiable means of identification in addition to BVN/NIN
- Customer must have an active bank account
- Guarantor with verifiable income is required
- Asset used as collateral for asset financing products
