Competitive rates on a reducing balance
Borrowers are expected to contribute to the total amount required for the purpose of the loan
A maximum of five (5) years
- A mortgage on property
- Cash in Bank Account
- Cash guarantee
- Shares certificate
- Vehicle Registration
Assignment of Salary or other income
- Valid National Identification Card or Passport
- Proof of address – Recent utility bill (6 months) or post marked letter
- Employment letter stating current position, date of employment and salary and other cash benefits
- If self employed, statement of income or expenses or affidavit of income
- TIN Certificate
- ‘Quotations’ from Institution of Learning if applying for an education loan
- Collateral documentation e.g. transport/title /lease and Certificate of Valuation for property if being used as security for loan, vehicle registration certificate and share certificates
- Evidence of borrower contribution
- Statement from other financial institutions, including Hire Purchase Agreements (If applicable) or loan accounts showing balances and monthly installments payable