‘E-DEY???’ LEASE FACILITY
Features:
- Lease value of up to N1M
- Duration of facility is from 6 to 18 months
- 30% Equity Contribution for lease facility
- Equipment must be sourced from accredited vendors
- Transfer fee applicable
- Monthly lease rentals on equal installments
- Admin Fee applies
- Attractive interest rates
- Insurance cover for leased item applicable
Requirements
- Duly Filled Lease facility Application Form
- Handwritten application
- Evidence of Cash flow
- Cash inflow to take care of rental payments
- Duly Filled Account KYC Form
- 2 Recent Passport Photographs
- 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
Target:
- Traders, Individual with Cash Flow (e.g. Salary Workers, Youth Corpers) and Companies
Conditions for termination of lease
- Asset will be recovered after 2 defaults
HIRE PURCHASE
Features
- Cost of the item under the hire purchase
- Account Opening N5000.00
- Nil Loan application fee
- Negotiable Minimum equity contribution
- Attractive Interest rate
- Flexible Loan Tenor
- Customer Does not need to run account with the bank before acquiring loan
- Loan Repayment on a weekly basis
