SUSU LOAN

The susu loan product is designed for traders to enable them expand their business and increase their working capital

Details of Offer

• Repayment period: Up to 6 months.
• Security: Lien on loan amount which shall be a minimum of 35% of the facility amount
• Funds are disbursed on a timely basis.
• Flexible terms of repayment.
• Interest rate, commitment fee and processing fee applicable
• Clients shall be updated on monthly loan repayment via our SMS alert

Eligibility

• The Borrower should be a susu contributor at the bank for not less than three (3) months
• Age Limit: 18 to 69 years.

Requirement

• Applicant must be an account holder of the Bank and must be an active susu contributor.
• The Applicant must complete and submit the Loan Application form.
• Attached one (1) current Passport size photo
• Copy of Valid National ID Card