This product was lunched to aid Micro, Small and Medium Enterprises (MSME) subsector of the economy. It aims to target Small and Medium Enterprises that needs financing to grow their business.
Conditions for accessing Financing:
- Maximum financing limit of N500,000 for Micro Enterprises and N50M for SME's
- Financing rate at 9% P. A
- Maximum tenor of one year for micro enterprises and five years for SMEs
- Option for moratorium available based on business needs,
- Entrepreneurship Certificate from approve Training Institutions
- Flexible Collateral
Project Financing/ Construction (Istisna')
Under this contract, the Customer will request and the Bank will agree to construct and to sell the project to be constructed at the Bank's selling...
Jaiz Ijara Service Corporate
The Jaiz Ijara service is designed to augments the company’s working capital to pay for salaries, professional services, labor and travels. Under Ijara Service the bank...