On-Lending Credit Products

This is a lending strategy through which the Bank partners with States, Local Governments,  Agricultural Financing Agencies, NGOs, Community Based Organisation etc. to reach larger segment of Nigerians especially the under-privileged and rural poor with micro-credit for enterprise development.

  • Provision of security which could be collateral security or irrevocable standing payment order (ISPO).
  • Provision of viable profitable and bankable business plan.
  • Interest rate negotiable.
  • On-lending organization responsible for recovery of the loan inclusive of the accrued interest.
  • Reduces cost of loan administration.
  • Interest Rate is 12%.

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