Location Wiggni Plaza, 1, Champion Street,Magboro Road Magboro, Ogun state
**Tenure is one month.
** Processing fee is 3% flat
** Interest is 6% flat /month.
** No equity contribution
** Maximum loan is N1,000,000
** Collateral required
** Default charges of 6% is applicable on amount due but unpaid
** Postdated cheque of the borrower or guarantor.
** Two guarantors required(One of them could be a family member)
** Maximum tenure is six months.
** No limit to amount of loan.
** Equity contribution of 20% of amount required.
** Processing fee is 3% flat.
** Interest is 5% flat per month.
** Collateral required.
** Default charges of 5% is applicable on amount due but unpaid.
** Two guarantors required(one of them could be a family member)
** Postdated cheque of the borrower or the guarantor is required.
** Equity contribution of 40%
** Processing Fee 3%
** Interest rate is 6%
** Maximum Repayment period 6months
** Asset acquired will serve as collateral.
** Asset acquired will be bought on the joint name of BG
and the borrower
** Asset must be insured at borrowers expense.
** One guarantor required
** Postdated cheque of either borrower of guarantor.
** Available to cooperative members only.
** Members can access 2X amount contributed. Please note that shares will be added to members contribution in determining total amount contributed.
** Interest is 10% per annum.
** Two members to serve as guarantors.
** Contribution of the member and the two guarantors MUST not be less than the loan amount requested.
** Repayment period is maximum of one year.
** No collateral required.
** Members contribution qualifies as equity contribution.
** No processing fees required.