At Polaris Bank, we understand the need of SME businesses and therefore have developed tailor-made loan product on a fast-track platform to meet the needs of the SME business.
Please find below the list of available loan products.
| Loan Type | Features |
| Short Term Working Capital | Maximum Amount: N15 million Tenor: Max. 180 days Pricing: SME friendly |
| Asset Financing Facility | Maximum Amount: N20 million Tenor: Max. 36 months Pricing: SME friendly Equity Contribution: 30% Types of assets: Motor Vehicles, Buses, Generating Sets Equipment or Machines used for the production process in Manufacturing Companies (subject to approval) |
| LPO Financing Facility | Maximum Amount: N20 million Tenor: Max. 180 days Pricing: SME friendly |
| Invoice Discounting | Max. Amount: N20 million
Tenor: Max. 180 days Pricing: SME friendly |
Please note that all other loan amounts above the specified maximum limits can still be accessed subject to our minimum risk acceptance criteria.
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