KWASU Festive Loan
- : Requirements
A Festive loan product designed to enable business customers to access loan to enhance a variety of business needs during festive period like Easter period, Ramadan period, Ileya festive and December period etc.
- The loans limit is N2.5million.
- Processing fee- 2.5% flat
- Management fee- 2.5% flat
- Interest Rate 3% -4.5% monthly on reducing balance.
- 5% Cash Collateral Deposit
- Personal Guarantee
- Affidavit of stock hypothecation to KWASU MFB LTD.
- Mortgage on landed or moveable asset