Aztec SME Loan (Small Business)

Loan Features

Amount Up to single obligor limit (N5,000,000).
Duration/Loan Term Maximum of 6 months for the first term and subsequent increment to 9 months.

Applicants must have a current account with Aztec MFB
Completed loan application form.
Loan application letter.
Two guarantors with cheque each.
Authority to date and narrate cheque
Passport pictures of applicant and guarantors
Valid means of identification for both applicant and guarantors (NIN)
Completed Guarantors form.
Completed address and business verification forms
Bill of sale and right of entry
Minimum of 6 months’ bank statement
Collateral 150%
CAC document if it’s a registered business or company.
CAC document of guarantor if cheque presented by the guarantor is a company cheque
valid cheques to cover loan tenor
Other forms to be filled concerning collateral after loan approval