Commercial Loan

1.These are overdrafts and loan facilities granted to individuals, corporate bodies, enterprises and others in active business.

2.Applicant shall be loyal customer and should operate an active account for a period not less than six (6) months.

3.An applicant shall provide at least two (2) salaried workers who collect their salary through the bank as guarantors.

4.Applicants can use a landed property, cash lien of 25-30 to secure the loan.

5.Applicant shall provide at least 20% equity distribution.

6.Repayment shall be on monthly basis and shall not exceed eighteen (18) months.