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Express Credit is an advance facility available to small business owners under the Micro, Small and Medium Enterprises segment (MSMEs). It is designed to boost the working capital of an existing business, in order to aid its growth.

  • Entrepreneurs, micro, small and medium scale enterprises in all sectors of the economy

  • Available to business owners that operates a functional business current account

  • Loan amount ranges from N100,000 to a maximum of N1 million

  • Amount  loanable  is  up to 80%  of  six-month  average  credit turnover in business account

  • Facility tenor is between 3 to 12 months and renewable after clean-up

  • Minimal or no collateral is required for the advance
  • Easy access to working capital for business growth

  • Minimal or no collateral required

  • Flexible loan repayment tied to business turnover.

  • Competitive interest rate

  • Access to all electronic products of the bank
  • Completed Application Form 

  • Two passport photographs

  • Executed Personal and/or Corporate Guarantee form by acceptable Guarantor

  • Statement of net-worth duly completed by the Guarantor

  • At least three (3) months bank account statement 

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October 26, 2016
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