Frequently Asked Questions
1Can persons without BVN have access to loans in Nigeria?
Answer: It depends on the lender because we know that lenders like cooperative societies and some town unions do give out loans to members without BVN, but it's not possible if you are borrowing from a financial institution.
2Can I get a loan a bank without collateral.
Answer: Yes you can. To be continued...
3Which comes first? loans or business plans?
Business plans first. Can a loan tenor be extended? In some cases yes, but it depends on the relationship between you and the lender.
4What is the maximum loan moratorium?
Most are 6 months