SME Business Loan

SME Financing

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.

Features

» Loan amount between N100,000 & N5,000,000.
» Interest rate between 4%.
» Upfront fees of 5%.
» Tenor between 60-120days.
» 6 Months Bank statement.
» Most recent Audited Financial statement (for corporate customers).
» Customer’s and Guarantors cheques compulsory.
» Securities: (Motor vehicle that is comprehensively insured/ C of O of a Landed property).
» Customers for LPO finance (LPO will be confirmed and domiciliation of payment will be pursued if possible).

Take the Next Step towards Your Loan…