Photocopy of a Valid Identity Card, National ID, Driver’s License or International Passport. (Original must be sighted).
Board Resolution authorizing the lease facility (in case of company)
Invoice from supplier with all relevant documents in support of cost
Conditions for termination of lease
Asset will be recovered after 2 defaults
HIRE PURCHASE
Mini Buses:
Cost of the bus N1,100,000.00 (Manual) and N1,050,000.00 (Automatic) (to be confirmed)
Account Opening N5000.00
Loan application fee N5000.00
Minimum equity contribution N300,000.00
Interest 4%
Loan Tenor 10 months.
Customer Does not need to run account with the bank before acquiring loan
Loan Repayment on a weekly basis
1 civil servant guarantor, 3 cheques, acceptable ID card and 1 passport photograph
For business names, 2 reputable guarantors with 2 cheques each, acceptable identification, and a passport photograph each
For civil servants that want to borrow under this scheme either salary is domiciled with us or they give us a standing order
Customer does not need to pay for registration, spraying, spare tyre, MOT, and comprehensive insurance of the Mini Bus as the above stated cost prices takes care of it.
Tricycle:
Cost of the tricycle N675,000.00 (to confirmed)
Account Opening N5000.00
Loan application fee N5000.00
Minimum equity contribution N200,000.00
Interest 4%
Customer Does not need to run account with the bank before acquiring loan
Loan Repayment on a weekly basis
Loan Tenor 10 months
1 civil servant guarantor, 3 cheques, acceptable ID card and 1 passport photograph
For business names, 2 reputable guarantors with 2 cheques each, acceptable identification, and a passport photograph each
For civil servants that want to borrow under this scheme either salary is domiciled with us or they give us a standing order
Customer to pay for registration, insurance and painting of the tricycle
Bank to pay for the painting of our logo on the tricycle
Conditions for termination of Hire Purchase:
Asset will be recovered after 2 defaults
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