Loans

1. Personal Loans: Loans that can be used for personal reasons/ personal exigencies at competitive interest rates. Such as;

• Salary loans

• Funeral loans

• School fees loans

• Medical loans

• Rent loans

• Pension loans

• Short term Advances / Overdraft

• Home improvement / Building loans

• Loans covered by credit life insurance policy

2. Corporate Loans/ Commercial Loans: A full suite of lending product tailored to middle market and corporate customers.

• SME’s

• Cottage industries

• Auto loan scheme

3. Group Loans: Loan products enable clubs, associations, co-operatives, churches, mosques, schools to access financing at competitive interest rates.

4. Micro-finance / Susu loan scheme: A product designed to assist organized groups and individuals to raise working capital for their economic ventures. This product is targeted at trades, artisans and micro-entrepreneurs.

5. Agri-business loans: Debt-based funding that help you purchase tools, improve or re-finance your farm business.

• Crops

• Livestock

• Agro-processing

• Marketing

6. Transport Loans: Is a facility that enables Transport Unions to acquire vehicles at competitive interest rate.

• Auto Loan Scheme

Overdrafts

An overdraft is a loan facility that is tailored to meet your need for money over and above your credit balance. It’s the ideal way to manage your money.

Features:

• Once arranged, the facility is available and can be used whenever required

• You don’t have to transfer funds from a separate loan account since the approved limit is loaded on to your current account.

• The facility remains available even if you don’t use it (for the agreed period subject to review)

• An overdraft is one of the least expensive forms of short-term finance

• Repayment terms are negotiable up to 12 months

• Loans covered by credit life insurance policy