SME Loans

• No collateral required
• Affordable interest rate
• Maximum tenor of 12 months
• Maximum loan amount of N10M*
• Open to registered** & unregistered businesses

• Copy of Corporate Affairs Commission (CAC) registration certificate
• Invoice for goods to be purchased-if applicable
• Executed Board resolution to borrow and detailing who will operate the account/ loan (for limited liability companies only)
• Evidence of tenancy / ownership of business location (this includes copies of rent receipts, title documents etc.)

• No collateral required
• Affordable interest rate
• Minimum Amount of N200,000
• Maximum Amount of N5,000,000
• Tenor: 90 days maximum (with full repayment within 5 weeks of school resumption)

• Newsletter
• Copy of CAC Registration
• State Ministry of Education Approval
• Posted dated cheque from another bank covering 130% of loan amount

• Affordable interest rate
• Maximum Tenor is 90 days
• Maximum amount of N50M
• Equity Contribution of 30% is required

• Copy of Purchase Order which must be valid
• Copy of Corporate Affairs Commission (CAC) registration certificate
• Executed Board resolution to borrow and detailing who will operate the account/ loan (for limited liability companies only)
• Domiciliation instruction (non – changeable without prior approval of credit signatories) in favour of UBN must be in place. Account detail on the letter should be for the collection account

• No collateral required
• Affordable interest rate
• Maximum amount of N50M.
• Maximum Tenor of 90 days (in line with invoice payment date).

• Copy of Invoice which must be valid
• Copy of Corporate Affairs Commission (CAC) registration certificate
• Executed Board resolution to borrow and detailing who will operate the account/ loan (for limited liability companies only)
• Domiciliation instruction (non – changeable without prior approval of credit signatories) in favour of UBN must be in place. Account detail on the letter should be for the collection account

• No collateral required
• Maximum tenor of 6 months
• Maximum loan amount of N5M
• Open to registered and unregistered businesses that are distributors to recognized companies

• Copy of invoice for goods to be purchased
• Account statement for the past 2 years-Mom and pop only
• Copy of Corporate Affairs Commission (CAC) registration certificate-Enterprise and Limited Liability Company only
• Executed Board resolution to borrow and detailing who will operate the account/ loan (for limited liability companies only)
• Evidence of tenancy / ownership of business location (this includes copies of rent receipts, title documents etc.)
• Letter of introduction of the sub distributor by the key distributor-Sub distributor only
• Letter of appointment as a key distributor by the Anchor-Key distributor only

• Maximum Tenor is 48 months
• Equity Contribution of 30% is required
• Loan amount is dependent on business cash flow
• No collateral is required. Asset being financed is the collateral for the loan

• Cashflow statement
• Customer’s request letter
• Audited Financials(if applicable)
• Proforma Invoice of asset to be financed
• Copy of Corporate Affairs Commission (CAC) registration certificate
• Other documents will be required subject to what we are financing

• Collateral required
• Maximum Tenor is 48 months
• Loan amount is dependent on business cash flow

• Cashflow statement
• Customer’s request letter
• Audited Financials(if applicable)
• Proforma Invoice of asset to be financed
• Copy of Corporate Affairs Commission (CAC) registration certificate
• Other documents will be required subject to what we are financing

• Collateral required
• Loan amount is dependent on business cash flow
• Maximum Tenor is 12 months with 90 days clean up cycle

• Copy of Corporate Affairs Commission (CAC) registration certificate
• Customer’s request letter
• Account statements from other banks-if applicable
• Valuation report of property to be pledged as collateral
• Audited Financials (if applicable)
• Other document will be required subject to what we are financing

• Development of Nigeria (DBN)
• Bank of Industry(BOI) – Women in Business
• CBN MSMEDF
• CBN AGSMEIS
• CBN Real Sector Support Financing (RSSF)
• CBN Commercial Agricultural Credit Scheme (CACS)
• CBN Non-oil Simulation Scheme (NESS)
• CBN Anchor Borrower Programme (ABP)
• CBN Creative Industry Financing Initiative (CIFI)
• CBN Maize Agricultural Scheme (MAS)

Documents required for MSMEDF, BOI, DBN, NESF, CACs, ABP, & CIFI

• Customer’s request letter
• Company registration
• Cashflow analysis
• Audited financials-if applicable
• Valuation report of property to be pledged as collateral
• Legal Mortgage over suitable property to be pledged as collateral

Documents required for AGSMEIS

• EDI certificate
• Business plan

• Collateral required
• Equity Contribution of 30% is required
• Maximum Tenor is 12 months with 90 days clean up cycle.

• Copy of Corporate Affairs Commission (CAC) registration certificate
• Customer’s request letter
• Account statements from other banks-if applicable
• Valuation report of property to be pledged as collateral
• Audited Financials (if applicable)
• Other document will be required subject to what we are financing