This is the provision of special financial services to meet the needs of Small and Medium Enterprises.

SME Loans

• Minimum Amount: GH¢ 1,000.00


• Maximum Amount: GH¢ 200, 000.00


• Duration: 1 – 12 months

Requirements:

• Application Letter


• Evidence of operation (such as Certificate to Commence Business)


• Valid National Identification Card


• Passport sized photo

Security:

• 20% of Loan amount


• Traders Stock Pledge


• Personal Guarantee


• Third Party Guarantee (Valid National I.D. Required)


• Legal Mortgage


• Vehicle

Benefits of SME Loan

• Reliable and quick source of finance.


• Flexible and structured repayment terms.


• Useful for a wide range of purposes.


• Access to working capital to expand your business.

Terms and Conditions:

• Business should operate from identifiable premises.


• Business should be registered.


• Applicant should operate account(s) with NIB.


• Non-customers and Non-registered businesses may be considered on a case by case basis.