Overdraft is an individual loan product designed to assist customers with emergency business funds or family needs. This is a quick loan disburse within 24 hours.
- Facility range: ₦2,000(minimum) to ₦100, 000(maximum)
- Methodology: Individual.
- Duration: 2 months (Maximum).
- Grace period: 1 week
- Repayment frequency: Monthly
- Access to funds in emergency situations.
- No collateral needed.
- Low interest rate of 5% per month on reducing balance.
- Flexible and convenient repayment structure.
- Expert financial advice available.
- Duly completed Loan application form.
- Two guarantors.
- A valid ID (National ID, Driver’s license, Voter’s card or International passport).
- Current utility bill.
- Two recent passport-size photographs.
- Last 3 months Bank statement of account or payment slip if civil servant.