SME Loans

SME Loans

General Loan Features (Standardized for All Loans)

  • Interest Rate: 5% flat per month (subject to risk assessment and market conditions).
  • Repayment Terms: Monthly, tailored to borrower’s capacity.
  • Approval Process: Quick, with stringent documentation to mitigate risks.
  • Risk Mitigation: Mandatory Monthly Savings of 1% of Loan Amount, Credit Insurance and Post Dated Cheques
  • Eligibility: Strict adherence to documentation and creditworthiness checks.
  • Target Market: Nigerian individuals and businesses with verifiable income/collateral.

Note: All loans are subject to credit checks and risk assessment. Interest rates may vary based on borrower profile.

  • Personal Loan

    Flexible repayment terms, various loan amounts

  • Shop-Owners Loan

    Tailored for business owners, competitive interest rates

  • Commission Loan

    Loan against expected commissions, quick approval

  • Asset Loan

    Loan secured against valuable assets, such as property e.t.c

Shop-Owners Loan

  • Purpose: Inventory, equipment, or business expansion.
  • Features:
    • Competitive rates for SMEs.
    • Quick disbursement upon document verification.
    • Target Market: Registered small business owners.
  • Risk Mitigation:
    • Proof of income, bank statements, employer confirmation.
    • Mandatory Monthly Savings of 1% of Loan Amount
    • 1% of Loan Amount as Credit Insurance Premium
    • Postdated Cheques

For Registered Businesses:

  • Corporate Account Opening Form (for businesses).
  • KYC Form (completed with business details).
  • BVN of Signatories and Directors of the business
  • Loan Application Form (duly filled).
  • Loan Application Letter (on company letterhead for businesses; personal letter for individuals).
  • CAC Documents (original + photocopy for businesses).
  • Two (2) Guarantor Forms (with valid IDs and proof of income).
  • Valid Means of Identification (e.g., NIN, passport, driver’s license).
  • Passport Photograph (recent).
  • Proof of Address (utility bill not older than 3 months + rent receipt if applicable).

Additional Documents (Case-Specific):

  • Salary slips (for salaried borrowers).
  • Bank statements (6 to 12 months).
  • Business financial records (for SMEs).
  • Collateral documents (for secured loans).

Our Benefits

No need for guarantors

No need for collateral

No need to move salary account

Quick loan disbursements

To Qualify

You must be over 21 years old, work and live in Lagos.

Minimum of 1 year in current employment

Have a valid identification

SME Loan Customer Application Form






















































    Existing Facilities (Including Creditude Global Services Ltd. and other Lenders/Employers)





















    Required & Supporting Documents



    Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)



    Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)



    Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)



    Utility bill (≤ 3 months) and rent receipt if applicable. Allowed: JPG, JPEG, PNG, PDF (Max: 1MB per file)



    Allowed: JPG, JPEG, PNG, PDF (Multiple files, Max: 2MB per file)



    Upload both guarantor forms. Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)



    NIN, Passport, Driver’s Licence, etc. Allowed: JPG, JPEG, PNG, PDF (Max: 1MB per file)



    Allowed: JPG, JPEG, PNG (Max: 1MB)

    Additional Documents (Case-Specific)



    Upload recent payslips. Allowed: JPG, JPEG, PNG, PDF (Max: 1MB per file)



    6–12 months statements. Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)



    E.g. management accounts, audited statements. Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)



    Title documents, valuations, etc. Allowed: JPG, JPEG, PNG, PDF (Max: 2MB per file)

    Reset password

    Enter your email address and we will send you a link to change your password.

    Get started with your account

    to save your favourite homes and more

    Sign up with email

    Get started with your account

    to save your favourite homes and more

    By clicking the «SIGN UP» button you agree to the Terms of Use and Privacy Policy
    Powered by Estatik