TAMFB Consumer Appliance Loan
Features & Benefits
- Maximum Limit N100,000
- Interest Rate 2% (On Reducing Balance)
- Affordable and Flexible Repayment Plan
- Tenor (Six months)
- Must be an Account Holder with the Bank
- Hand Written Loan Application
- Equity contribution of 10% of the required amount.
- Collateralized by Third (3rd) Party Guarantee/Guarantor.
- Evidence of employment or existing Business
- Note – Evidence of Capacity to repay must be seen from Obligor and Guarantor
- Duly completed loan application
- Duly completed personal guarantee form
- Duly completed third (3rd) party Guarantee form
- Passport photograph of the Guarantor
- Post Dated cheque covering principal and interest from Guarantor
- A copy of the Guarantors form of acceptable identification.