Obligor limit up to 50M for individuals and N200 M for Corporate
Competitive pricing plan financing option
Tenor up to 24 months
Equity contribution up to 30%
Receipt of loan request letter
Acceptance of loan offer
Payment of all upfront fee
Appointment of project consultant
Positive legal search on the three properties pledged as security
Disbursement in tranches based on project consultant’s report
Receipt of executed commitment letter to route all the outstanding payment from subscribers through the company’s account with the bank.
Receipt of all executed documents for the perfection of legal mortgage on the three properties pledged as security
Receipt of approved building plan
Receipt Environmental Impact Assessment (EIA) on the estate development
Receipt of executed personal guarantee of two directors of the company
Receipt of board resolution authorizing the borrowing
Positive CRMS check on the company
Project monitoring & reporting
Receipt of monthly loan repayment
Comprehensive on property pledged as security
Processing, perfection and transfer on title on the pledged collateral
