HOW TO SECURE A PERSONAL LOAN FROM NIGERIAN BANKS
There may be situations where one will need just an extra fund for emergency or a medium-term need, and this is because Life can be full of surprises. Thankfully all banks offer Personal Loan to salaried customers with salary accounts domiciled in with the bank. Employees of some organizations are exempted from mandatory salary domiciliation.
Features and Benefits
- Choose your repayment period up to 12 months
- Competitive pricing and no hidden charges
- No collateral required
- Standard interest rate at 28%; Government employees at Federal, State and Local levels enjoy additional 6% discount; while employees of Bank’s select corporates enjoy up to 4% discount on interest rates. Additional discounts on minimum monthly salaries of N500,000
- Enjoy additional borrowing when you service existing loan satisfactory at least halfway through its tenure
- Access your funds through any of our channels including ATM, POS, Mobile Banking or Online Banking
- Flexibility to meet varied personal needs such as personal home improvements, holidays, weddings, payment of school fees, rent payments and much more
- Convenient repayment installments
- Quick and easy loan process
- Free Death Cover
How it works
- Pick up a retail loan application form from any of our branches nationwide or visit the banks’ website to download
- Submit duly completed retail loan application form along with required documents
- The decision on your loan request will be communicated to you within 48hours of submission of application and relevant documents
- Loans for successful applications will be disbursed into your account with us.
For further enquiries visit any of the bank you which to apply in any of their branches nationwide or contact them via helpline, the contact details can be gotten from their websites.