KC SME Loans
This loan facility is accessible to Individuals, Private Limited Liability Companies, Sole Proprietors, Contractors, and General Merchants who are desirous of taking loans to meet their working capital and other operating requirements. The facility is granted for a tenor not exceeding 1 year at a competitive interest rate. The Loan Value is from ₦500,000 and above.
Requirements for KC SME Loan:
- Applicant to open an account with KC MFB
- Applicants valid id card (nin/voters card/int’l passport/drivers license)
- 4 passport photographs of applicant
- Current utility bill of place of residence (within the last 3 months)
- Spouse valid id card and passport photograph
- Applicants bank statement of account (minimum of 6 months)
- Duly filled loan application form
- Undated cheque leaves of applicants and guarantor (s)
- Minimum of 2 Guarantors required and to produce - (valid id card, house utility bill and passport photograph)
- Board Resolution Letter (where applicant is a Limited liability company)
- CAC Registration Documents (where applicant is a Limited liability company)
- Any other relevant documents to support your application
- Companies audited account/management account where applicable/available.
- Tax clearance certificate
