PRODUCTS

Solid Loop

This is a unique product which enables a customer to borrow a temporary facility to finance orders, procured from the government, parastatals, and other reputable firms and institutions.

Features

• Finance of up to 60% of the cost of the LPO
• Security required
• Flexible repayment period of up to 120 days subject to the customers trading cycle
• Quick approval process

Requirements

• LPO from a reputable organization pre vetted by the Bank
• Proforma invoice or quotation of items of purchase from the supplier
• Copy of the contract
• Should have banked with the Consolidated Bank for at least 6 months
• Should demonstrate technical capacity to perform the order