CIT Microfinance Bank Nigeria offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment.

This is a product targeted at businessmen and women from all sectors of the economy. This loan is geared towards working capital enhancement, to raise finances towards expected receivables or for the execution of jobs.

The facility is extended to economically active individuals, Small & Medium scale entrepreneurs for business expansion.

Features

Loan amount between N500,000 – N20m
Interest rate 4%.
Upfront fees of 3.5%
Tenure between 60-180 days.
Securities: (Motor vehicle/ C of O of any landed property/ Stock hypothecation)
Bank statement
Financial statement (for corporate customers)
Company’s profile
Customers for LPO finance (LPO will be confirmed and domiciliation of payment will be pursued if possible)
LPO financing with principal payment backend the interest rate is 5% flat