Hub Advance

Loan Dynamics

Maximum Loan Amount – N500k to N2million
Maximum tenor of 3 months
Irrevocable Domiciliation of inflows is required
Repayment for the loan shall be equal monthly repayment of principal and interest
No Equity Contribution
Interest rate: Competitive
No Collateral

Business must be duly registered with Corporate Affairs Commission.
Operate an active business account with the Bank for at least 1 year.
Minimum sales of N1million and 10 transactions monthly in the last 12 months on the SME MarketHub.
Business should be more than 3 years and be operational on the SME MarketHub for atleast 6 months.
Domiciliation of Business Account (Execution of domiciliation agreement)
No past due obligation with any Bank nor have more than two returned cheques in the last one (1) year