Loans

Customers who are under some specific account types with basic requirements can apply for overdraft from their account. The Credit department will vet these applications and approve where customer is qualified. The following will be determined:

• You personal details including your BVN
• Your Credit ratings with Credit Bureau
• is your salary domiciled with us
• Gaurantors or Collateral where necessary

Our customer that are farmers can enjoy our agric special type of loan. These loans are tied to the farms, cultivation period and harvesting period, depending the type of agriculture business the customer is involved.

The following requirements will be needed to be granted an Agric Loan:

• You personal details including your BVN
• Your Credit ratings with Credit Bureau
• Farm or Business Auditing to determine validity of your request
• Gaurantors or Collateral where necessary

Our micro loan is a special type of loan given to support our customers in need of funds to handle personal and family needs. The loan term of loan is usually short with lower interest. The following will be required:

• You personal details including your BVN
• Your Credit ratings with Credit Bureau and our bank
• Your deposit determination and period of banking with us
• Gaurantors or Collateral where necessary

Babba Advancement Ticket is a special type of loan where account holders can overdraw their account, and paying the overdrawn figure within 1-3 months. To qualify you must

• Be a direct account holder under the Babba Advancement Ticket
• kept a clean bill of credit score
• Stick to the limit of the overdrawn amount.

Our micro loan is a special type of loan given to support small business owners to grow their businesses. The following will be required:

• You personal details including your BVN
• Your Credit ratings with Credit Bureau and our bank
• Your deposit determination and period of banking with us
• Gaurantors or Collateral where necessary

Our Babba Ram Facility is a special type of loan given during festive period for our people to enable them provide for the festival or celebration needs. To qualify you must:

• Have a good deposit and credit rating
• Apply for Use of the funds to facilitate purchase of RAM
• Saved a percentage of the purchase amount