Salaried Workers Loan
Loan product designed for salaried workers whose salaries pass through the bank. The said workers must have account with the bank and their salaries must pass through the bank for at least one month to qualify for a loan
Loan is repaid on monthly basis and maximum of three (3) years is allowed
Loan product designed for crop, livestock and poultry farmers (customers) who could be individuals or groups
Loan is repaid from six to twelve months
Commercial Loan / Overdraft
These are overdraft and loan facilities granted to individuals, corporate bodies, enterprises etc. that are in active and viable business.
Duration of repayment does not exceed (12) twelve months.
20% of loan amount is required as lien and at least one salary worker guarantor required.
This is one a (1) month overdraft facility granted to salaried workers’ who have account and collect their monthly salaries through the bank.
A commission of 10% on the amount granted is charged.
No interest is charged.
These are loan facilities to assist individual / families to perform funerals, weddings, engagements etc.
Applicant should be an active customer of the bank.
Commission of 6% is charged
Repayment made within 2weeks
At least one (1) salary worker is required