Personal Development Loans are intended to serve clients who are not operating business enterprises but have other verifiable sources of income and sufficient collateral
The Loan can be used for
Meeting investment expenditure purposes to finance assets and / or projects capable of diversifying income streams for the clients such as purchasing of rental apartments or commercial buildings, and establishing of developmental projects with potential to raise cash flows.
Meeting capital expenditure purposes such as housing and home refurbishment, purchasing private motor vehicles, household assets and solar equipment
Meeting consumption expenditure purposes such as weddings, hospitalization, school fees, funerals, and tertiary education.
Why you should apply for this loan
No need for a running business
Rapayment structure is tied to the beholder’s cash flow
You can easily pay back using MTN and Airtel push services.
Requirements of the loan
Proof of verifiable non-business income
Minimum of one guarantor is required
Registered collateral such as Registered Land: Freehold, Mailo and Leasehold titles, Motor vehicle logbooks and Fixed Deposit certificates
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