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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