BUSINESS BANKING LOANS GUARANTEE These are instruments that entail Sterling Bank substituting its credit worthiness for that of its client and it is done at the request of the bank’s client to the beneficiary. They are undertakings by the Bank, that its customer will carry out the terms of a ...
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COMMERCIAL AGRICULTURAL CREDIT SCHEME The scheme is aimed at fast tracking the development of the agricultural sector by providing credit facilities to large scale enterprises with a minimum asset size of N50m at a single digit interest rate of 9%. This is to enhance national food security, increase food supply ...
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AGRICULTURAL CREDIT GUARANTEE SCHEME FUND The Scheme provides guarantee cover (up to 75% of any outstanding balance upon default) in respect of loans granted to the agricultural sector by banks and also has a farmer-friendly scheme called "Interest Drawback Program" (IDP) of up to 40% interest refund upon liquidation of ...
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STERLING TRACTOR ACQUISITION SCHEME Tractor Lease finance facility for Individuals, Corporate Enterprises, Cooperatives, State Governments and Tractor Associations to purchase tractors to be supplied by the appointed Vendors. Target
  1. Individual
  2. Members of Groups or Associations/Cooperatives
  3. Corporate Enterprises/ Individuals with evidence of land ownership with minimum of 20 hectares
  4. State ...
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SALARY ADVANCE A key thrust of their retail lending services is the provision of structured financial options to individuals with reliable and regular stream of cash inflows. Thus, individuals in salaried employment can access a variety of retail lending services that will allow them optimize their finances through bridging the ...
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First City Monument Bank Limited offers banking and financial services. The company provides personal banking, business banking, corporate and commercial banking, investment banking, and institutional banking products and services. First City Monument Bank Limited was founded in 1982 and is based in Lagos, Nigeria. First City Monument Bank Limited operates ...
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PERSONAL BANKING MICRO LOAN FCMB Micro Loan is a convenient, paperless micro credit facility with no collateral required for your emergencies and urgent needs. It is an instant loan and the application is through our USSD code *329#. Features & Benefits
  • Instant access to funds
  • Up to N20,000 loan ...
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Heritage Bank NIGERIA

SMART ADVANCE Smart advance is a product designed for individuals who require an advance before salary due date to meet urgent needs. Features and Terms
  • Facility Amount: 50% of net monthly salary and Single obligor limit of N500,000
  • Tenor: The tenor for this product is 90 days
  • Repayment: The monthly repayment in ...
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Heritage Bank PLC NIGERIA

PERSONAL LOAN This is designed for salary earners who require finance to meet urgent needs and other cash challenges. Features
  • Facility Amount: Determined by 33.3% of take home, Subject to N5million
  • Tenor: 12-36 months
  • Repayment: Maximum repayment per month should not exceed–33.3% of net monthly salary (i.e. ‘take-home pay’)
  • Security: Salary ...
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Heritage Bank

SME LOANS AND CREDIT Obligor Limit: N20, 000,000 (Twenty Million Naira) Product Description: Finances shortfall in working capital for traders and manufacturers. Criteria
  1. Achieved monthly credit turnover of 150%
  2. Achieve 200% after disbursement
  3. Account to swing to credit in the review cycle.
  4. Collateral FSV cover should be 150% (130% for cash ...
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Coronation Merchant Bank

HISTORICAL BACKGROUND -Coronation Merchant Bank has been in existence for a period of 22 years.
  • In the year 1993, the bank was established by a consortium of reputable financial institutions. It was referred to as Associated Discount House Limited (ADHL).
-Its’ duty was to: give liquidity to cater ...
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FBNQuest Merchant Bank

Historical background
  • In Nigeria, the first bank was created in the year 1894.
-In the year 2006, FBN Capital was established. This was as a result of three organizations coming together to become one. They are; FBN Merchant, First Bank Corporate Finance department and MBC International. -However, it ...
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