>>What are your cash needs, month in month out? Do you need to handle your personal needs like funerals, birth days, marriages, household appliances etc, or you need bridge financing, purchase of equipment, contract financing, discounting of receivables, stock financing etc?

With our longer tenor facilities, flexible payment etc, enjoy the good things of life no matter what your needs are.

Our loan products include:

a) Personal loans

• Personal overdraft
• Revolving Personal overdraft
• SOFT
• School fee loans
• Personal loan with surety
• Personal loan without surety

b) Corporate loans

• Commercial / Industrial Loans
• Trade Financing (Import / Export Financing)
• Specialized Loans
• Advance on Bills
• Overdrafts

Personal overdraft & Revolving Personal overdraft
A short term facility that allows you to overdraw your account by 50% of your salary for one month in case of personal overdraft and 12 months in case of revolving personal overdraft.

Benefits

• Gives you money you need when you do not have sufficient funds in your account
• Considerate, structured and convenient terms of repayment
• Competitive interest rate

Target Audience

• Confirmed employees of the State and those of reputable organizations in the private and public sector

How to apply

• Complete an Consumer loan application form obtained from any of our 13 branches
• Submit your application to the customer care service officer in your branch

SOFT
Loans extended to State Employee whose salaries are domiciled with Finec. The loans are paid back in installments over a specified period of time or tenor. The installments are paid monthly. Hence the requirement of a veritable fixed and regular income (through salary). Repayment includes principal and interest

Benefits

• A “No question asked” loan
• No deposit & invoice are required
• Fast, simple and convenient
• Flexible repayment schedule
• Competitive interest rate
• Customer provides only an AVI and attestation of effective presence at work

Target market
State employees with Salary domiciliation with Finec

Requirements

• Attestation of Irrevocable Domiciliation of salary
• Attestation of Effective Presence at work
• Application form
• Solidarity / Promissory note form

School fee loans

Offers credit facilities to individuals who are in paid employment in the public or private sector and gives them the freedom to spend a little more on what they really want to meet school needs for their kids.

Benefits

• No deposit & invoice are required
• Fast, simple and convenient
• Flexible repayment schedule
• Competitive interest rate
• Customer provides only an AVI and attestation of effective presence at work

Target market
Paid employees in the private and public sector with Salary
domiciled with finec

Requirements

• Attestation of Irrevocable Domiciliation of salary
• Attestation of Effective Presence at work
• Application form
• Insurance cover