Other SME Loans

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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