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May 28, 2019

DIAMOND BANK NIGERIA BUSINESS LOANS

 

EMERGING BUSINESSES REVOLVING LOAN

Features

  • Loans can either be booked as revolving overdraft facilities or term loan based on the customer’s business needs.
  • Enjoy loan facility for as long as 365 days.
  • It is fully secured loan.

Benefits

  • Financial support to advance your business
  • Competitive pricing and no hidden charges
  • Access your funds through any of their channels including ATM, POS, Mobile Banking or Online Banking
  • Convenient repayment structure
  • Quick and easy loan process
  • Discounted interest rate for women owned businesses

Requirements

  • Letter of application
  • Board resolution authorizing loan application (if a limited liability company)
  • 3 months banking relationship with DB PLC at the minimum

EMERGING BUSINESSES INSTALMENT LOAN

Features

  • Lending limit of up to N10m
  • Lending covers a wide variety of assets/equipment including vehicles, generators, computers and other office equipment.
  • Up to 90days moratorium applicable where installation of financed equipment is required.
  • Minimum contribution as low as 30%

Benefits

  • Fixed asset finance up to 3 years
  • Competitive pricing and no hidden charges
  • Financial advisory services available
  • Customers can choose to pay back their loans before expiration without penalty

Requirements

  • Business customers with a minimum of 3 months banking relationship with the bank are eligible to apply.

EMERGING BUSINESSES DEVELOPMENT FUND

Features and Benefits

  • Sectorial focus: Manufacturing, Renewable Energy, Agricultural Value Chain and Services
  • Repayment period: Up to 60 months
  • Minimum and Maximum loan amount: N5,000,000- N50,000,000
  • Interest rate: 9%
  • Loan Purpose: Working Capital, Equipment purchase/ Asset finance etc.
  • Moratorium: Moratorium is allowed where applicable

What it offers

  • Financial support to advance your business
  • Competitive pricing and no hidden charges
  • Access your funds through any of our channels including ATM, POS, Mobile Banking or Online Banking
  • Convenient repayment structure
  • Quick and easy loan process
  • Discounted interest rate for women owned businesses

LPO FINANCE

Diamond Bank offers access to short and medium term financing for working capital & asset purchase needs with reduced collateral requirements. These loan products are as follows;

Revolving Credit is a Line of Credit / Term loan for short-term financing (max. 1 year)

Features

  • Loans can either be booked as revolving overdraft facilities or term loan based on the customer’s preferred option.
  • Enjoy loan facility for as long as 365 days.
  • It is fully secured loan.

Benefits

  • Financial support to advance your business
  • Competitive pricing and no hidden charges
  • Access your funds through any of our channels including ATM, POS, Mobile Banking or Online Banking
  • Convenient repayment structure
  • Quick and easy loan process
  • Discounted interest rate to good borrowing customers

Requirements

  1. Letter of application
  2. Board resolution authorizing loan application(if a limited liability company)
  3. 3 months bank statement from diamond Bank or 6 months bank statement from other banks

Instalment Loan is a Term Loan for fixed assets financing available for up to 3 years

Features

  • Lending limit of up to N10m
  • Lending covers a wide variety of assets/equipment including vehicles, generators, computers and other office equipment.
  • Up to 90days moratorium applicable where installation of financed equipment is required.
  • Minimum contribution as low as 10%

Benefits

  • Fixed asset finance up to 3 years
  • Competitive pricing and no hidden charges
  • Financial advisory services available
  • Customers can choose to pay back their loans before expiration without penalty

Requirements

  1. Business customers with a minimum of 3 months banking relationship with the bank are eligible to apply.

Mediloan is a Partnership between Diamond bank and USAID (United States Agency for International Development), that has developed a credit Scheme focused on businesses operating specifically in the health care sector.

Local Purchase Order (LPO) finance – is a short term finance facility to MSME customers to carry out supply requests. The supply order must come from only pre-approved institutions by Diamond Bank Plc

Contract finance – is a short term finance facility for the execution of contracts from Diamond Bank’s approved list of companies. Finance is available for a variety of legitimate contracts awarded by government agencies and reputable private organizations in the country operating in the different sectors and contracts with varying levels of complexity.

Import finance – offers credit facilities to MSME customers who require finance for importing either raw materials or finished goods for sale. It also offers short term credit facilities to these importers for the purpose of duty payment.

MEDILOAN QUALITY CARE

Mediloan Quality Care is a loan offering for the healthcare sector. Beneficiaries of this product are the clinics in the primary and secondary healthcare, Pharmacy and Medical Laboratory.

The product goes beyond financing the purchase of brand new fixed assets to provision of technical assistance from Safe Care. The beneficiaries get certificate at every level of appraisal.

Features

  • Acquisition of new fixed assets and renovation, extension, or expansion of existing business premises
  • Borrowing up to 350m
  • Extended tenor of 60 months
  • Equity contribution as low as 20%(for equipment purchase)
  • Customer may be granted a repayment grace period up to 60 days applicable only where installation of financed equipment and training is required.
  • Loan can be re-administered after total repayment.

Benefits

  • Competitive interest rate of 19%
  • Extended tenor of up to 60 months
  • Support towards quality improvement via Free Safe Care Quality Program (as certified by JCI & COHSASA)
  • Support towards improved financial record keeping, inventory management & patient registration
  • Access to affordable composite business loans to cater for;
  • Capacity building (training towards meeting Safe Care Quality Standards) / Working Capital.

Requirements

  1. Business customers with a minimum of 3 months banking relationship with the bank are eligible to apply.
  2. New to bank customers should provide 6 months bank statement from any commercial bank.

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