FMTSpace

FMTL Loans

In order to turn groundbreaking concepts into reality, substantial financial resources are often needed. Our financing solutions are ready to support any innovative idea, no matter how ambitious. So, bring forth your grand visions, and together, let's create a meaningful impact.

  • Amount (N) 100,000 - 500,000
  • Tenor (Months) 1 – 9months
  • Interest Rate (Monthly) 6%
  • Facility Fee (ONE OFF) 1%

Security NIBSS automated direct debit mandate placed on staff salary account to debit monthly loan repayment.


Requirements
  1. Loan Request Letter.
  2. Employment Letter /Last Promotion Letter.
  3. Valid means of identification.
  4. Six (6) months bank statement(Pdf format).
  5. Must be in paid employment.
  6. Credit Search report from two Credit Bureaus.
  • Amount (N): 501,000 - 2,000,000
  • Tenor (Months): 1 – 18months
  • Interest Rate (Monthly): 4%
  • Facility Fee (One-Off): 1%

Security

One (1) salaried employee Guarantor from any industry and at least on the same level with borrower.

Borrower and guarantor’s post-dated cheques covering monthly principal and interest.

NIBSS automated direct debit mandate placed on staff salary account to debit monthly loan repayment.


Requirements
  1. Loan Request Letter.
  2. Employment Letter/ Last Promotion Letter.
  3. Valid means of Identification.
  4. Six (6) months bank statement (Pdf format).
  5. Credit Search from two Credit Bureaus.
  6. Personal Guarantee of Guarantor.
  7. Minimum of 3 cheques leaves covering a third of the tenor.

  • Amount (N):2,001,000 -5,000,000
  • Tenor (Months):1 – 18months
  • Interest Rate (Monthly):3.5%
  • Facility Fee (One-Off):1%

Security

One (1) salaried employee Guarantor from any industry and at least on the same level with borrower.

Borrower and guarantor’s post-dated cheques covering monthly principal and interest.

NIBSS automated direct debit mandate placed on staff salary account to debit monthly loan repayment.


Requirements
  1. Loan Request Letter.
  2. Employment Letter and Last Promotion Letter.
  3. Valid means of Identification.
  4. Six (6) months bank statement (Pdf format/li>
  5. Credit Search from two Credit Bureaus.
  6. Personal Guarantee of the Guarantor.
  7. Minimum of 3 cheques leaves covering a third of the tenor.

  • Amount (N):5,001,000 - 10,000,000
  • Tenor(Months):1 – 18months
  • Interest Rate(Monthly):3%
  • Facility Fee (One-off):1%

Security

One (1) salaried employee Guarantor from any industry and at least on the same level with borrower.

Borrower and guarantor’s post-dated cheques covering monthly principal and interest.

NIBSS automated direct debit mandate placed on staff salary account to debit monthly loan repayment.


Requirements
  1. Loan Request Letter.
  2. Employment Letter /Last Promotion Letter.
  3. Valid means of Identification.
  4. Six (6) months bank statement (Pdf format).
  5. Credit Search from two Credit Bureaus.
  6. Minimum of 3 cheques leaves covering a third of the tenor.
  7. Personal Guarantee of Guarantor.

  • Amount (N):10,001,000 & Above
  • Tenor:1 – 18months
  • Interest Rate (Monthly):30% -36% p.a (Negotiable)
  • Facility Fee (One-off)1%

Security

One (1) salaried employee Guarantor and any other acceptable asset.

Borrower and guarantor’s post-dated cheques covering monthly principal and interest.

NIBSS automated direct debit mandate placed on staff salary account to debit monthly loan repayment.


Requirements
  1. Loan Request Letter.
  2. Employment Letter/ Last Promotion Letter.
  3. Valid means of Identification.
  4. Six (6) months bank statement (Pdf format).
  5. Credit Search from two Credit Bureaus.
  6. One guarantor or any other acceptable asset.
  7. Minimum of 3 cheques from guarantor.


Other Loans



  • Rate:42% P.A (Negotiable)
  • Tenor:1-18 Months(Negotiable)

Collateral
  • Financed Asset
  • Borrower’s post -dated cheques covering monthly principal and interest.

Upfront
  • 3 Months Rentals
  • Loan Request Letter.

Requirements
  1. 12 months bank statement of account(s) (Pdf format).
  2. Company and Management profile.
  3. Copy of the incorporation documents.
  4. Clean credit search report.
  5. Property search and verification of the proposed collateral property.
  6. Valuation of the proposed collateral property.
  7. Proforma invoice for the asset to be financed.
  8. Valid means of identification, Utility bill and 2 passport photograph.
  9. Payment of three (3) months upfront rentals.
  10. Three (3) years audited financials.

  • Rate:42% P.A (Negotiable)
  • Tenor:1-18 Months(Negotiable)

Collateral
  • Financed Asset
  • Borrower’s post -dated cheques covering monthly principal and interest.

Upfront
  • 3 Months Rentals
  • Loan Request Letter.

Requirements
  1. 6 months bank statement of account(s) (Pdf format).
  2. Clean credit search report.
  3. Proforma invoice for the asset to be financed.
  4. Valid means of identification, Utility bill and 2 passport photograph.
  5. Payment of three (3) months upfront rentals.
  6. Letter of Employment/Last Promotion Letter

  • Rate:42% P.A (Negotiable)
  • Tenor:1-24 Months(Negotiable)

Collateral
  • Financed Asset
  • Borrower’s post -dated cheques covering monthly principal and interest.

Upfront
  • 3 Months Rentals

Requirements
  1. Loan Request Letter
  2. 12 months bank statement of account(s) (Pdf format).
  3. Clean credit search report.
  4. Proforma invoice for the asset to be financed.
  5. Valid means of identification, Utility bill and 2 passport photograph.
  6. Payment of three (3) months upfront rentals.
  7. Three (3) years audited financials.

  • Rate:42% P.A (Negotiable)
  • Tenor:1-24 Months:(Negotiable)

Collateral
  • Financed Asset
  • Borrower’s post -dated cheques covering monthly principal and interest.

Upfront
  • 3 Months Rentals
  • Loan Request Letter.

Requirements
  1. Loan Request Letter
  2. 12 months bank statement of account(s) (Pdf format).
  3. Company and Management Profile
  4. Clean credit search report.
  5. Proforma invoice for the asset to be discounted.
  6. Three (3) years audited financials.

  • Rate:42% P.A (Negotiable)
  • Tenor:1-24 Months(Negotiable)

Collateral
  • Borrower’s post -dated cheques covering monthly principal and interest.
  • Legal Mortgage, Shares, any acceptable asset.

Requirements
  1. Loan Request Letter.
  2. 12 months bank statement of account(s) (Pdf format).
  3. Company and Management profile.
  4. Copy of the local purchase order.
  5. Copy of the incorporation documents.
  6. Clean credit search report
  7. Property search and verification of the proposed collateral property.
  8. Valuation of the proposed collateral property.

  • Rate:42% P.A (Negotiable)
  • Tenor:1-24 Months(Negotiable)

Collateral
  • Borrower’s post -dated cheques covering monthly principal and interest.
  • Legal Mortgage, Shares, any acceptable asset.

Requirements
  1. Loan Request Letter.
  2. 12 months bank statement of account(s) (Pdf format).
  3. Company and Management profile.
  4. Copy of the local purchase order.
  5. Copy of the incorporation documents.
  6. Clean credit search report
  7. Property search and verification of the proposed collateral property.
  8. Valuation of the proposed collateral property.
  9. Three (3) years audited financials.

  • Rate:42% P.A (Negotiable)
  • Tenor:1-24 Months(Negotiable)

Collateral
  • Borrower’s post -dated cheques covering monthly principal and interest.
  • Legal Mortgage, Shares, any acceptable asset.

Requirements
  1. Loan Request Letter.
  2. 12 months bank statement of account(s) (Pdf format).
  3. Company and Management profile.
  4. Copy of the local purchase order.
  5. Copy of the incorporation documents.
  6. Clean credit search report
  7. Property search and verification of the proposed collateral property.
  8. Valuation of the proposed collateral property.
  9. Three (3) years audited financials.
  10. Copy of the Contract document(s)

  • Rate:42% P.A (Negotiable)

Tenor
  • 1-24 Months(Negotiable)

Collateral
  • Borrower’s post -dated cheques covering monthly principal and interest.
  • Legal Mortgage, Shares, any acceptable asset.

Requirements
  1. Loan Request Letter.
  2. 12 months bank statement of account(s) (Pdf format).
  3. Company and Management profile.
  4. Copy of the local purchase order.
  5. Copy of the incorporation documents.
  6. Clean credit search report
  7. Property search and verification of the proposed collateral property.
  8. Valuation of the proposed collateral property.
  9. Three (3) years audited financials.
  10. Copy of the Contract document(s)