LOAN-PRODUCTS

Asset Loan

Asset loan is targeted to help existing clients of SeedCapital purchase assets such as generator, refrigerator, grinding machines etc. that will further enhance the productivity of their enterprise.

Features & Requirements

Features:

  • Facility range: N15,000 (minimum) to N150,000 (maximum)
  • Methodology: Individual and group
  • Duration: 11 months
  • Grace period: 1 month

Benefits:

  • No collateral
  • Quick access to funds for the purchase of business assets
  • Flexible repayment structure
  • Low interest rate
  • Expert financial advice available

Requirements:

  • Duly completed application form
  • 2 guarantors
  • 2 recent passport-size photographs
  • Current utility bill
  • A valid means of ID (national ID, driver’s license, voters registration card or international passport)

Click Here to Download Account Opening Form.

Employee Credit Scheme (Consumer Credits)

These are loans targeted at employees of categorized private organizations as well as Federal, State and Local Governments employees with track record of performance.

Features & Requirements

Features:

  • It provides easy and quick access to funds by members of staff to resolve emergency situations such as payment of school fees, hospital bills etc at an affordable rate (monthly).
  • Convenient and flexible monthly repayment plan configured in line with staff monthly salary and payment capacity (1-12 months).
  • It does not require tangible collateral or security.
  • Loan processed same day, cash disbursed in 24hrs.
  • Simplest form of loan: (ID, Pay slips, Intro. Letter, Employment/confirmation letter)
  • Your net pay determines what you get.
  • It preserves the employer’s cash flow for alternative purposes.
  • Increase in staff productivity and satisfaction due to personal financial stability.
  • Reduction in accounting documentation for the company.
  • Availability of asset loans for staffs e.g. auto loans, loans for household goods etc.
  • Easy access to capital for staffs family members due to previous clean repayment records.
  • Instant provision of ATM cards and check books to staff members.

Requirements:

  • Completed Loan application form
  • 2 Guarantors form including their passport pictures each.
  • Signed Offer letter
  • 2 Blank cheques from the guarantors
  • Collateral of the applicant

Click Here to Download Account Opening Form.

Group Loans

These are loans availed to organized trade groups with common interest and responsible leadership.

Features & Requirements

Features:

  • Competitive interest rate.
  • Group members must be in the same location.
  • 4% monthly interest rate.
  • Maximum tenor of Six (6) months.

Requirements:

  • Group guarantee.
  • Two credible guarantors.
  • Valid id cards
  • Shop rent receipt
  • Minutes of group meetings
  • Household goods as collateral

Click Here to Download Account Opening Form.

Micro Loans

For individuals, market traders, artisans and low income earners with regular cash-flows and character

Features & Requirements

Features:

  • Facility range: N30,000 (minimum) to N100,000 (maximum)
  • Methodology: Individual
  • Duration: 1-12 months
  • Grace period: 1 month
  • No collateral
  • Access to funds for business expansion
  • Access to other loan products
  • Flexible repayment structure
  • Training on basic financial management, business planning and customer relations
  • Low interest rate
  • Expert financial advice available

Requirements:

  • Loan application letter
  • Duly completed application form
  • 2 guarantors
  • A valid means of ID (national ID, driver’s license, voter’s card or  international passport)
  • Current utility bill
  • 4 recent passport-size photographs

Click Here to Download Account Opening Form.

SME ( Small and Medium scale enterprises) Loans

These are structured facilities considered for corporate bodies and high net-worth individuals.

Features & Requirements

Features:

  • Facility range: N500,000 (minimum)
  • Methodology: Individual / corporate
  • Duration: 1-12 months
  • Access to funds for business expansion
  • Access to other loan products
  • Flexible repayment structure
  • Training on basic financial management, business planning and customer relations
  • Low interest rate
  • Expert financial advice available

Requirements:

  • Two Passport photographs
  • Valid Id Card
  • Utility Bill for residence (within the last 3 months)
  • Shop/office rent receipt
  • Company and Personal Statement of Account (within the last 6 months)
  • Company documents:
  1. Certificate of incorporation.
  2. Memorandum and article of association.
  3. Form CO7 & CO2

Click Here to Download Account Opening Form.