Apply for Standard Chartered N20 Million Business Loan – Business Loan (SBL) provides you access to loans of up to N20million for business expansion WITH NO collateral.
Benefits
Features
The Smart Business Loan is structured to provide access to loans of up to N20m without collateral.
The repayment plan can be structured to suit your business and flexible for up to 2 years
Easy access to the loan through our digital application forms and automated repayment process.
If you need additional financing during your loan tenor, we can offer you a top up after 12 months if regular repayments are made.
Long Term Loans
Term Loans are a structured form of borrowing intended to finance specific transactions or assets.
Benefits
Features
Term Loans are a structured form of borrowing intended to finance specific transactions or assets.
This is a contract between a borrower and the Bank where the customer is provided a loan amount either in local or foreign currency for a period not exceeding one year. Interest is charged on the individual drawings made under the loan at a rate agreed at the time of the drawing.
This is a contract between a borrower and the Bank whereby the Bank provides the borrower with a certain currency (in this case domestic), for a period in excess of one year and up to 5 years. Drawings against the loan are usually made in one amount. The principal and interest will be repaid over the tenure of the loan as per the agreed terms.
This is a contract between a borrower and the Bank where Standard Chartered Bank provides the borrower with a certain amount for a period in excess of 5 years and up to 7 years.
How to Apply
Click to apply for Standard Chartered N20 Million Business Loan
