Individual product
Personal Loan
Helps you meet personal or family needs and unexpected expenses such as rent and medical bills.
Who it is for
Individuals with an identifiable and regular means of income.
Recommended collateral
Post-dated cheque, standing payment order (Remita) or third-party guarantee
Risk acceptance criteria
- Regular and verifiable income
- Repayment will not exceed 30% of monthly income
- No non-performing loan with any lender
- Verifiable means of identification in addition to BVN/NIN
- Guarantor with verifiable income
