Term Loans
A term loan is a structured financing solution designed to support business growth and long-term investments. Whether you're an SME looking to expand operations or a corporate entity planning a major capital project, our term loans offer flexible and reliable funding.
Account Overview
A term loan is a structured financing solution designed to support business growth and long-term investments. Whether you're an SME looking to expand operations or a corporate entity planning a major capital project, our term loans offer flexible and reliable funding.
Account Opening Requirements
Loan application stating amount, tenure and purpose and a letter to be signed off by a duly mandated
Directors/shareholders.
Trading License and or regulatory approvals where applicable.
3 years' annual returns.
Current Tax Clearance Certificate.
Certificate of incorporation.
Copies of Memorandum & Articles of Association.
Company Form 7.
The Beneficial Owners’ Declaration Form.
Copies of TIN for the company & directors/shareholders.
Copies of IDs for shareholders and Directors.
Copy of FCS for Company and Directors.
Copies of work permits, where applicable.
Company profile.
List of customers/suppliers and terms and conditions supported by copies of the current/previous contracts.
Organogram.
CVs of Management and their experience.
Profile of shareholders.
Details of loans from other institutions – loan statement and copy of offer letter.
Statement of accounts from other financial institutions for 12 months.
3 years' audited accounts from an ICPAU firm.
Latest 3 to 6 months' management accounts.
Acceptable security to the bank to be taken as collateral.
Account Features
Access a comprehensive suite of banking services and tools:
Loan amounts tailored to your business needs
Repayment periods ranging from 1 to 7 years
Fixed or variable interest rates
Flexible collateral options depending on credit profile
Account Benefits
Discover the advantages of banking with Term Loans:
Enables strategic investments without straining cash flow
Predictable repayment schedules for easier financial planning
Enhances business creditworthiness with consistent repayments
Ideal For
Business expansion and modernization
Acquisition of equipment, vehicles, or property
Infrastructure development
Working capital for large-scale operations
Why Choose Us
Dedicated relationship managers
Fast and transparent approval process
Customized loan structures to suit your business model
