GENERAL REQUIREMENTS

• 6 months Bank account statement (a salary account(Current) on which cheque will be drawn)
• 2 passport photographs
• Pro-forma Invoice
• Value of products must at least be  =N= 30,000.00
•  60% down payment
• Photocopy of Identity card
• Program coordinated with human resources department.
  RATES
  3%  Administration Charge.
  6% on Reducing balance basis.

UBA BANK CONSUMER LOAN
REQUIREMENTS

• 6 months pay-slip
• 6 months Bank Account statement
• 2 passport photographs
• Value of product must be at least N30,000.00
• 20% Equity Contribution
• Pro-forma Invoice
• Letter of recent Remuneration Package
• Photocopy of staff Identity
• Current UBA account holder

RATES
Interest of 17% per annum on a reducing balance
Processing fee of 0.25% flat taken up front
Commitment fee of 0.75% flat taken up front
Management fee of 1.0% per quarter on outstanding balances
Insurance: 5% per annum

TERMS

• Joint ownership of the asset until loan is fully repaid
• Asset purchased to be comprehensively insured with a insurer nominated by the bank with UBA noted as first loss payee
• Maximum 24 months tenor

SKYE BANK CONSUMER LOAN
REQUIREMENTS

• 6 months pay-slip
• 6 months Bank Account statement
• 2 passport photographs
• Value of product must be at least N100,000.00
• 20% Equity Contribution
• Pro-forma Invoice in the name of Bank
• Letter of recent Remuneration Package
• Photocopy of staff Identity

RATES
Interest Rate: 20% per annum on a reducing balance
Facility Fee: 1% per annum
Management: 1% per quarter
Insurance: 10% per annum

TERMS

• Joint ownership of the asset until loan is fully repaid
• Asset purchased to be comprehensively insured with a insurer nominated by the bank with Skye Bank noted as first loss payee
• Maximum 24 months tenor
• Special package available for companies and organizations

DIAMOND BANK PROGRAM
REQUIREMENTS

• Evidence of employment
• Proforma invoice in the name of Diamond Bank Plc
• Executed lease Agreement
• Executed Offer Letter
• Minimum contribution is 30% of facility amount
• Maximum amount is 60% of customer’s salary subject to a maximum of =N 1 million
• Maximum tenor of facility must not exceed 12 months.
• Post dated cheques incase  salary account is not with Diamond bank Plc.

Target market includes:

• Employed individuals
• Members of trade union in this case a corporate guarantee will suffice

Members of Co-operative Societie(corporate guarantee)