Midloans
This is a one month loan facility where the borrower requests a loan in advance on or before the 10th day of the month. Once the loan is approved, the fund is disbursed into the borrowers account and should be paid back with interest by the end of the month. Our commission rate for mid-loan is 3.2%.
BENEFITS
- Access to loan from N10,000
- No collateral requirements
- Competitive interest rates
- Fixed affordable repayments
- Opportunity to access larger loans and longer tenures
- No hidden charges
- Dedicated loan officers
WHO QUALIFIES?
- Individuals who have maintained an active savings account with us for at least 3 months
- Individuals who demonstrates the ability to repay
- Individuals who can provide guarantors
HOW DO I APPLY
- Complete the Stalak loan application form which you may pick up from our loan officers or from any of our branches
- Submit your application plus all supporting documents and a passport size photograph to any of our loan officers