In line with our company's Loan Lending policy. We have two (2) options in which an applicant is expected to pick one (1) from when applying for a loan in our company to enable qualifying for a loan and they are state below:
Collateral Security Option: An applicant is to provide us with a equity based property (buildings,lands) as collateral security for their loan acquisition,that is he/she is to send us original scanned copies of the ownership documents of the property/properties he/she wishes to use as collateral of their loan. The documents must include a document from your government certifying the applicant as the owner of the said property/properties.note that the property/properties must be in the same name as that of the applicant.
Immediately we receive the documents, we shall carry out investigates through our consultant in the county. To verify the true ownership of the property/properties and also the market value. And if the findings are satisfactory to us, your loan will be transferred into your dedicated bank account within 48 hours banking time.
Non-Collateral Security Option: When applicants are unable to provide us with the required collateral security for their loan acquisition. The applicant will be required to make a refundable deposit known as non-collateral security deposit,which is calculated base on the amount of loan required by the applicant. it is the only payment that will be required in transaction. The non-collateral security deposit will be refunded back to the applicant after a successful repayment of the loan. The non-collateral security deposit stands as a form of asset on the loan and also acts as a commitment for us to do business together.The non-collateral security deposit is charged upfront.