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6 Osifo Street, Opp. Guinness Nig.

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Interest Rebate Loan

This loan is designed for client whose loan history with SLO has been hitch free.

Interest Rebate Loan

This loan is designed for client whose loan history with SLO has been hitch free. IRL which is given at 50% interest rate of the regular loan is opened to all clients in their 4th stage loan after a three consecutive stages of loan without fault or default.

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Features

  • It is given as a 4th stage loan after 3 consecutive loan stages without any history of default
  • It is a weekly regular loan
  • It also attracts week of grace
  • KYC/verification are the prerequisite

Basic Selection Criteria

  • Micro/Small business owners(women, more of advantage)
  • Willingness to join a group
  • Willingness to attend group meetings weekly
  • Member with good credit history on three consecutive stages
  • Union with credit discipline and minimum membership of twenty
  • Must be a registered member(s) of SLO

Benefits to Clients

  • Low interest rate
  • No Collateral
  • Expert financial advice available
  • Flexibility of repayments
  • Transparency, no hidden charges

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Midterm Loan

This loan is design to meet the capital need of an already existing client whose curent loan has droped due to the weekly repayments and need a top up as a back.

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Medium Enterprise Development Loan

This loan is design to meet the capital needs of Medium Scale Enterpreneur who require more fund for business expansion and sustainability.

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Assest Loan

Asset loan is specifically design for members who need loans for income generating property purchase

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