The Unsecured loan product is targeted at professionals in the formal employment of blue chip/multinational organizations who need access to unsecured facilities for a short period of time. Unsecured loans have a reducing balance interest charged on the outstanding principal each month. Applicants are usually required to provide a guarantor.
Where requested, some unsecured loans will not require collateral or a guarantor. These loans are, however, only accessible to banking professionals or repeat customers and capped at a maximum sum of N250k and maximum tenor of 6 months.
Like all our lending products, unsecured loans will be approved within 24 hours, following the provision of all required application documents.