Personal Household Asset Acquisition Loan
Personal Household Asset Acquisition Loan as the name implies is targeted to help existing clients of CSD MFB purchase Household assets such as Television, generator, refrigerator, kitchen utensil etc. that will further enhance their livelihood.
Features
- Facility range: N20,000 (minimum) to N200,000 (maximum)
- Methodology: Individual and group
- Duration: 10 months
- Grace period: 1 month
Benefits
- Collateral
- Quick access to funds for the purchase of business assets
- Flexible repayment structure
- Low interest rate
- Expert financial advice available
Documentation
- Savings account with CSD MFB with 25% of the loan amount
- Duly completed application form
- Guarantors
- Current utility bill
- A valid means of ID (national ID, driver’s license, voter’s card or international passport)
- Recent passport-size of the Applicant and Guarantor