SCIL Petty traders loans
- SCIL Petty traders loan is designed for low income earners whose cash inflows are within the range of N10,000.00 -N20,000.00 as daily turnover.
- It is for customers who must sell on a daily basis and as such can comfortably save or pay N1,000.00 - N5,000.00 every day within 30/60 working days.
- It is not for businesses under any contract sales period.
- It has tenured only for 30 & 60 days durations.
- Repayments are on daily basis only.
- Access up to ₦150,000.00 for less than 20% on annual percentage rates.
Processing Time & Conditions
- SCIL petty traders loan Processing shall be within 3 working days and will start counting upon complete documentation and submission to SCIL.
- SCIL will visit the applicants business location(s).
- Offer letter is made available upon Loan approval for the customer’s acceptance.
REQUIREMENTS & DOCUMENTATIONS
- Properly Filled SCIL Petty traders loan Application Form.
- 4 Passport Photographs.
- Hypothecation Form Where Applicable.
- Any Means Of Identification.
- Utility Bill(shop or Residential).
- Next Of Kin Form, Passport and any Means Of Identification.
- Spousal Form .