Requirements for borrowing:

1. Bank Statement: Provide bank statements for the last 3-6 months to assess financial stability and repayment capacity.
2. Collateral Security: Submit collateral such as Car Logbook or Land Title to secure the loan.
3. Identification Documents: Present a valid National ID, Work ID, or Passport for identity verification.
4. Utility Bill Copies: Furnish copies of NWSC Bills for the last 3 months to verify residency and utility payments.
5. Personal Guarantor: Nominate a personal guarantor to strengthen the loan application and ensure repayment.
6. Employment contract and current payslips

Steps taken in loan acquisition and settlement.

Step 1: Client introduction

Step 2: Loan application submission and provision of the relevant required documents i.e.-National ID/Passport, Work ID, Utility bills, Bank statement for the last 3-6months, Company/Business, Personal guarantors credentials, Collateral security.

Step 3: Document verification and due diligence.

Step 4: Conducting financial/credit checks and security analysis, valuation and mortgage/caveat registration.

Step 5: Loan approval or loan denial with relevant reason(s).

Step 6: Customer signs offer letter/contract.

Step 7: Loan disbursement.

Step 8: Loan monitoring and repayment (regular payments according to the schedule)

Step 9: Loan closure/final loan settlement.

Step 10: Collateral security release.